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Credit Acceptance Corporation secures $600 million in asset-backed financing to cover servicing expenses and maintain borrowing capacity.
PUBLIC · CACCAug 20, 2026•about 5 hours ago
Amount Raised
$600 Million
Round Type
Venture - Series Unknown
Southfield
Description
Credit Acceptance Corporation has completed a $600 million non-recourse secured financing. This financing, involving the conveyance of loans valued at approximately $750.2 million, will support servicing expenses and ongoing costs. The transaction secured the company's position with strong investor demand and favorable credit spreads. The company retains significant borrowing capacity post-financing.
Company Information
Company
Credit Acceptance Corporation
Location
Southfield, Michigan, United States
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Southfield