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Credit Acceptance extends $310 million revolver one year to June 2019
By Wendy Van Sickle
Columbus, Ohio, June 15 – Credit Acceptance Corp. extended the maturity of its $310 million revolving secured line of credit facility one year to June 22, 2019, according to a press release.
There were no other material changes to the terms of the facility, which continues to be secured by a lien on most of the company’s assets.
As of Wednesday, the company did not have a balance outstanding under the facility.
Southfield, Mich.-based Credit Acceptance provides consumer auto loans.
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