Credit Acceptance Corporation announced on June 24, 2025, that it has extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate. The maturity date was moved from June 22, 2027, to June 22, 2028. This extension provides the company with enhanced long-term liquidity and financial stability.
The company reported no outstanding balance under the facility as of June 24, 2025, indicating available borrowing capacity. There were no other material changes to the terms of the facility. This strategic move helps Credit Acceptance maintain access to capital for its operations.
Extending the maturity of this credit facility is a positive step for Credit Acceptance's financial management. It ensures continued access to a crucial funding source for its business model. This action supports the company's ability to fund future loan originations and manage its overall debt profile.
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