{"id":428153,"date":"2021-02-03T16:05:09","date_gmt":"2021-02-03T21:05:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=428153"},"modified":"2021-02-03T16:05:09","modified_gmt":"2021-02-03T21:05:09","slug":"credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\/","title":{"rendered":"Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility"},"content":{"rendered":"
\n

Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC)<\/strong> (referred to as the \u201cCompany\u201d, \u201cCredit Acceptance\u201d, \u201cwe\u201d, \u201cour\u201d, or \u201cus\u201d) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024. There were no other material changes to the terms of the facility.<\/p>\n

As of February 3, 2021, we had $75.0 million outstanding under the facility.<\/p>\n

\n
\n Description of Credit Acceptance Corporation<\/u>
\n <\/strong>\n <\/p>\n

Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\u00a0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. <\/p>\n

Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.\u00a0 Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.\u00a0 Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.\u00a0 For more information, visit creditacceptance.com<\/a>.<\/p>\n


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\n \n <\/div>\n

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Investor Relations: Douglas W. Busk\r\nChief Treasury Officer\r\n(248) 353-2700 Ext. 4432\r\nIR@creditacceptance.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the \u201cCompany\u201d, \u201cCredit Acceptance\u201d, \u201cwe\u201d, \u201cour\u201d, or \u201cus\u201d) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024. There were no other material changes to the terms of the facility. As of February 3, 2021, we had $75.0 million outstanding under the facility. Description of Credit Acceptance Corporation Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\u00a0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales … <\/p>\n
Continue reading “Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-428153","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCredit Acceptance Announces Extension of Revolving Secured Warehouse Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the \u201cCompany\u201d, \u201cCredit Acceptance\u201d, \u201cwe\u201d, \u201cour\u201d, or \u201cus\u201d) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024. There were no other material changes to the terms of the facility. As of February 3, 2021, we had $75.0 million outstanding under the facility. Description of Credit Acceptance Corporation Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\u00a0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales … Continue reading "Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T21:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0NjcwOCMzOTU5MTc4IzIwMjA2NzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility\",\"datePublished\":\"2021-02-03T21:05:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\\\/\"},\"wordCount\":239,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0NjcwOCMzOTU5MTc4IzIwMjA2NzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/credit-acceptance-announces-extension-of-revolving-secured-warehouse-facility\\\/\",\"name\":\"Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility - 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