Credit Acceptance closes $600M asset-backed securitization

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Go back to Credit Acceptance closes $600M asset-backed securitization

Credit Acceptance Announces Completion Of $600.0 Million Asset-Backed Financing

August 20, 2026 4:02 PM EDT

Southfield, Michigan, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) announced today the completion of a $600.0 million asset-backed non-recourse secured financing (the Financing).  Pursuant to this transaction, we conveyed loans having a value of approximately $750.2 million to a wholly owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes:

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