Credit Acceptance Corporation (CACC) News
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CACC News Highlights
- For CACC, its 30 day story count is now at 8.
- Over the past 16 days, the trend for CACC's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- The most mentioned tickers in articles about CACC are DEC, ACT and NOTE.
Latest CACC News From Around the Web
Below are the latest news stories about CREDIT ACCEPTANCE CORP that investors may wish to consider to help them evaluate CACC as an investment opportunity.
Credit Acceptance Announces Completion of $294.0 Million Asset-Backed FinancingSouthfield, Michigan , Dec. 21, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $294.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $375.1 million to a wholly-owned special purpose entity which will transfer the loans to a trust, which will issue three classes of notes: Note C |
Should You Invest in Credit Acceptance (CACC)?Investment management company Curreen Capital released its third quarter 2023 Investor letter. A copy of the same can be downloaded here. In the third quarter, the fund was down 0.95% compared to -3.27% for the S&P 500 Index. It had 40% of the fund in cash at the end of the quarter. In addition, you can […] |
Credit Acceptance Announces Closing of $600.0 Million Senior Notes Offering and Completion of Tender Offer for Senior Notes Due 2024Southfield, Michigan, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the closing of the Company’s previously announced offering of $600.0 million aggregate principal amount of its 9.250% senior notes due 2028 (the “notes”) at an issue price of 100% of the principal amount of the notes in a private offering exempt from registration under the Securities Act of 1933, as amended |
Credit Acceptance Corporation Announces Expiration and Results of Tender Offer For Any and All of Its $400,000,000 Aggregate Principal Amount of 5.125% Senior Notes Due 2024Southfield, Michigan, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that its previously announced cash tender offer (the “Offer”) for any and all of the $400,000,000 aggregate principal amount of its 5.125% Senior Notes due 2024 with CUSIP number 225310AN1 (the “Notes”) expired at 5:00 p.m., New York City time, on December 14, 2023 (the “Expiration Time”). According to infor |
Credit Acceptance Announces Pricing of $600.0 Million Senior Notes OfferingSouthfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it priced $600.0 million aggregate principal amount of its 9.250% senior notes due 2028 (the “notes”) in its previously announced offering at an issue price of 100% of the principal amount of the notes. The $600.0 million aggregate principal amount of the notes represents an increase in the offering siz |
Credit Acceptance Announces $500.0 Million Senior Notes OfferingSouthfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it plans to offer $500.0 million aggregate principal amount of senior notes due 2028 (the “notes”). We intend to use the net proceeds from the offering of the notes (1) to fund (a) our concurrent cash tender offer for any and all of our $400.0 million outstanding 5.125% senior notes due 2024 (the “2024 |
Credit Acceptance Announces Potential Asset-Backed FinancingSouthfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that, subject to market conditions, the Company intends to complete an issuance of approximately $294.0 million of asset-backed notes during the fourth quarter of 2023 through one or more special-purpose subsidiaries, the net proceeds from which financing the Company expects would be used for general corpora |
Credit Acceptance Corporation Announces Tender Offer For Any and All of Its $400,000,000 Aggregate Principal Amount of 5.125% Senior Notes Due 2024Southfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it has commenced a cash tender offer (the “Offer”) for any and all of the $400,000,000 aggregate principal amount of its 5.125% Senior Notes due 2024 with CUSIP number 225310AN1 (the “Notes”). The Offer will expire at 5:00 p.m., New York City time, on December 14, 2023, unless extended (such date and ti |
Credit Acceptance Announces Completion of $200.0 Million Asset-Backed FinancingSouthfield, Michigan, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today the completion of a $200.0 million asset-backed non-recourse secured financing (the “Financing”). Pursuant to this transaction, we conveyed loans having a value of approximately $252.0 million to a wholly owned special purpose entity that will pledge the loans to an institutional lender under a loan and security agreement. |
Credit Acceptance (CACC) Up 9.4% Since Last Earnings Report: Can It Continue?Credit Acceptance (CACC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. |