Credit Acceptance Announces Completion of $200.0 Million Asset-Backed Financing

Southfield, Michigan, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ:CACC) (the "Company", "Credit Acceptance", "we", "our", or "us") announced today the completion of a $200.0 million asset-backed non-recourse secured financing (the "Financing").  Pursuant to this transaction, we conveyed loans having a value of approximately$250.1 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes: Note Class Amount I ...