Credit Acceptance pushes out maturity, revolving period of facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 19 – Credit Acceptance Corp. extended the revolving period of its $150 million secured warehouse facility to Dec. 16, 2021 from Dec. 17, 2020, according to a press release.

The maturity of the facility was also extended to Dec. 16, 2023 from Dec. 17, 2022.

No other material changes were made to the credit facility. As of Thursday, no borrowings were outstanding under the revolver.

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

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