Credit Acceptance Extends Maturity for Credit line Featured

By Staff Writer July 06, 2018

Credit Acceptance Corp. extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate from June 22, 2020 to June 22, 2021. There were no other material changes to the terms of the facility.

As previously disclosed, the amount of the facility will decrease to $315 million on June 22, 2019.

As of June 27, 2018, Credit Acceptance did not have a balance outstanding under the facility.

Last modified on Friday, 06 July 2018 02:39

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