Credit Acceptance Corporation Completes $500 Million Asset-Backed Financing

Reuters11-20
<a href="https://laohu8.com/S/CACC">Credit Acceptance Corporation</a> Completes $500 Million Asset-Backed Financing

Credit Acceptance Corporation (Nasdaq: CACC) announced the completion of a $500.0 million asset-backed non-recourse secured financing. In this transaction, the company conveyed loans valued at approximately $625.2 million to a wholly owned special purpose entity, which will transfer the loans to a trust that will issue three classes of notes. Specific details such as price, maturity date, and interest rate for each issuance were not disclosed in the announcement. The notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. No URL for the full prospectus is included in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Credit Acceptance Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000885550-25-000131), on November 19, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment