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Credit Acceptance Extends Credit Line Featured

By Staff Writer July 08, 2019

Credit Acceptance Corp. recently extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate to June 22, 2022 from June 22, 2021.

Following the extension, the amount of the facility is $340 million.

As of June 24, Credit Acceptance had $23.8 million outstanding under the facility.

There were no other material changes to the terms of the facility.

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Last modified on Monday, 08 July 2019 02:00

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