Credit Acceptance CORP 8-K filings

Credit Acceptance Corporation plans to offer $400 million in senior notes due 2030 to qualified institutional buyers.

Credit Acceptance Corporation reports increased net income for Q4 2024 and decreased economic profit for the full year, driven by changes in forecasted collection rates and rising interest expenses.

Credit Acceptance Corporation has finalized a $300 million asset-backed financing agreement, using consumer loans as collateral.

Credit Acceptance Corporation has increased its revolving secured warehouse facility to $250 million, extended its revolving period to 2027 and maturity to 2029, and lowered the interest rate.

Credit Acceptance Corporation announced a rise in GAAP net income for Q3 2024, but also reported a decrease in adjusted net income and economic profit due to declining loan collection rates and increased interest expenses.

Credit Acceptance Corporation has successfully completed a $600 million asset-backed financing transaction, using consumer loans as collateral.

Credit Acceptance Corporation has increased its revolving secured warehouse facility to $500 million and extended its asset-backed financing, enhancing its financial flexibility.

Credit Acceptance Corporation announced a consolidated net loss of $47.1 million for the second quarter of 2024, compared to a net income of $22.2 million in the same period last year, while also adjusting its forecasting methodology.

Credit Acceptance Corporation has completed a $550 million asset-backed financing and increased an existing facility by $100 million, extending its revolving period.

Credit Acceptance Corporation has extended its revolving secured line of credit facility by one year, shifting the interest rate benchmark from the Bloomberg Short-Term Bank Yield Index to the Secured Overnight Financing Rate.

Credit Acceptance Corporation held its annual shareholder meeting on June 5, 2024, where shareholders elected six directors, approved an amendment to the incentive compensation plan, approved executive compensation on an advisory basis, and ratified the selection of Grant Thornton LLP as the independent auditor for 2024.

Credit Acceptance Corporation announced a decrease in net income for the first quarter of 2024, primarily due to lower forecasted collection rates and increased interest expenses.

Credit Acceptance Corporation released a shareholder letter detailing its 50-year history, business model, and performance through various economic cycles, emphasizing its commitment to making vehicle ownership possible for all credit types.

Credit Acceptance Corporation has finalized a $500 million asset-backed non-recourse secured financing, backed by approximately $625.2 million in consumer loans.

Credit Acceptance Corporation has finalized a $200 million asset-backed financing deal, using consumer loans as collateral.

Credit Acceptance Corporation has extended its $100 million asset-backed financing agreement with Fifth Third Bank, pushing the revolving period to February 17, 2026.

Credit Acceptance Corporation announced a decrease in both fourth quarter and full year 2023 net income, primarily due to lower forecasted collection rates and increased expenses.

Credit Acceptance Corporation has promoted Jay Martin to Chief Financial Officer, effective January 23, 2024, succeeding Kenneth S. Booth in that role.