Credit Acceptance Announces Pricing of $500.0 Million Senior Notes Offering

Core Viewpoint - Credit Acceptance Corporation has successfully priced $500 million of its 6.625$400 million [1] Group 1: Offering Details - The notes are priced at 100% of the principal amount and the closing of the sale is expected around February 28, 2025, subject to customary closing conditions [1] - The net proceeds from the offering will be used to redeem all outstanding $400 million 6.625% senior notes due 2026 and for general corporate purposes [1] Group 2: Regulatory Information - The notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and will not be registered under the Securities Act [2]