Credit Acceptance extends $350 million line of credit to June 2021

By Wendy Van Sickle

Columbus, Ohio, June 27 – Credit Acceptance Corp. extended its $350 million secured revolving line of credit to June 22, 2021 from to June 22, 2020, according to a news release.

As previously announced, the facility size will decrease to $315 million on June 22, 2019. As of Wednesday, there was no outstanding balance under the revolver.

There were no other material changes to the facility.

Southfield, Mich.-based Credit Acceptance provides consumer auto loans.

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