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Credit Acceptance Corporation Announces Completion of $75 Million Secured Financing.

Publication: Business Wire
Publication Date: 03-OCT-02
Format: Online - approximately 345 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Oct. 3, 2002

Credit Acceptance Corporation (Nasdaq:CACC) announced today the completion of a $75 million non-recourse secured financing, its eighth asset-backed financing. Pursuant to this transaction, the Company contributed dealer advances having a net book value of approximately $109 million to a wholly owned special purpose...

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