Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing

February 16, 2024

https://www.globenewswire.com/news-release/2024/02/16/2830930/3872/en/Credit-Acceptance-Announces-Extension-of-100-0-Million-Asset-Backed-Financing.html

Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1. Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from December 16, 2024 to February 17, 2026.

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