-+ 0.00%
-+ 0.00%
-+ 0.00%
Credit Acceptance completes $450 million asset-backed non-recourse secured financing
Share
Listen to the news
Credit Acceptance completes $450 million asset-backed non-recourse secured financing
  • Credit Acceptance completed USD 450 million asset-backed non-recourse secured financing backed by about USD 562.6 million of consumer loans.
  • Trust issued three classes of notes totaling USD 450 million, including Class A USD 248.75 million, Class B USD 91.32 million, Class C USD 109.93 million.
  • Expected average annualized cost about 5.2% including upfront fees.
  • Structure includes 24-month revolving period, followed by amortization from cash flows on conveyed loans.
  • Proceeds earmarked to repay higher-cost debt, fund general corporate purposes.


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: 0000885550-26-000098), on May 11, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending