Credit Acceptance Announces Completion Of $200.0 Million Asset-Backed Financing
Amount Raised
$200 Million
Round Type
Funding Round
SouthfieldFinancial ServicesFinanceLendingDescription
Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $200.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we contributed approximately $250.1 million of loans to a wholly owned special purpose entity that will pledge the loans to an institutional lender under a loan and security agreement.
Quick answer
Credit Acceptance Corporation raised $200 Million in a Funding Round round, dated December 15, 2022. Credit Acceptance Corporation is based in Southfield, Michigan, United States.
- How much did Credit Acceptance Corporation raise?
- Credit Acceptance Corporation raised $200 Million in a Funding Round round on December 15, 2022.
- What does Credit Acceptance Corporation do?
- Credit Acceptance Corp. (CACC) is a publicly traded finance company that provides automobile loans.
- Where is Credit Acceptance Corporation based and how big is it?
- Credit Acceptance Corporation is based in Southfield, Michigan, United States. Fundz records about 2,500 employees.
- Who are the decision-makers at Credit Acceptance Corporation?
- Fundz holds 1 contact at Credit Acceptance Corporation, including the CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Credit Acceptance Corporation that raised within 45 days of this round, from Fundz verified event records.
- NewtekOne raised $50M (Funding Round) on January 24, 2023.
- Zenfi raised an undisclosed amount (Funding Round) on January 23, 2023.
- Monarch raised $1M (Seed) on January 13, 2023.
- Stonehill raised $160M (Funding Round) on January 10, 2023.
- NexBank Capital raised $390M on January 6, 2023.
- KreditBee raised an undisclosed amount (Funding Round) on January 6, 2023.
Who to call at Credit Acceptance Corporation, and when
A new round usually means Credit Acceptance Corporation is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Credit Acceptance Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Credit Acceptance Corporation, from your own LinkedIn network
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Related People
Credit Acceptance Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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