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4 months ago
BRIEF-Credit acceptance announces extension of revolving secured warehouse facility
April 28, 2017 / 8:14 PM / 4 months ago

BRIEF-Credit acceptance announces extension of revolving secured warehouse facility

April 28 (Reuters) - Credit Acceptance Corp-

* Credit Acceptance announces increase and extension of revolving secured warehouse facility

* Credit Acceptance Corp - increased amount of one of our revolving secured warehouse facilities from $75.0 million to $100.0 million

* Credit Acceptance Corp - extended maturity of facility from april 30, 2018 to April 30, 2020

* Credit Acceptance Corp - interest rate on borrowings under facility has been increased from libor plus 200 basis points to libor plus 225 basis points Source text for Eikon: Further company coverage:

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