Credit Acceptance extends USD 500 million revolving warehouse facility to September 2028 - CACC News | RalliesCredit Acceptance extends USD 500 million revolving warehouse facility to September 2028
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CACC• Warehouse facility and pricing updated
- Credit Acceptance extended the revolving period on its USD 500 million revolving secured warehouse facility to Sept. 15, 2028.
- Pricing on the facility tightened to SOFR + 175 basis points from SOFR + 185 basis points.
- USD 180 million was outstanding under the facility as of Sept. 15, 2026.
- Term ABS 2019-2 revolving period extended to Sept. 15, 2028 from Sept. 15, 2026.
- Interest rate on Term ABS 2019-2 increased to 5.83% from 5.43%.
