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Credit Acceptance completes $600 million asset-backed secured financing
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Credit Acceptance completes $600 million asset-backed secured financing
  • Credit Acceptance completed a USD 600 million asset-backed non-recourse secured financing backed by about USD 750.2 million of consumer loans.
  • The trust issued three classes of notes totaling USD 600 million, split across Class A, B, C tranches.
  • Expected average annualized cost about 5.5%; structure includes a 24-month revolving period before amortization.
  • Proceeds earmarked to repay higher-cost debt; remaining funds allocated to general corporate purposes.
  • Post-transaction liquidity included about USD 1.8 billion of unused borrowing capacity across revolvers and unrestricted cash.


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 GlobeNewswire (Ref. ID: 202608201602PRIMZONEFULLFEED9813771) on August 20, 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.
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