All Releases
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Credit Acceptance Announces First Quarter 2008 Earnings
Apr 29, 2008
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SOUTHFIELD, Mich., Apr 29, 2008 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $17.6 million, or $0.57 per diluted share, for the three months ended March 31, 2008 compared to consolidated net income of $15.4 million, or...
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Credit Acceptance Announces Completion of $150 Million Asset-Backed Financing
Apr 18, 2008
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SOUTHFIELD, Mich., Apr 18, 2008 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today the completion of a $150 million asset-backed non-recourse secured financing. Pursuant to this transaction, the Company will contribute loans to a wholly owned special purpose entity which will trans...
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Credit Acceptance Announces Increase of Line of Credit Facility
Feb 26, 2008
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SOUTHFIELD, Mich., Feb 26, 2008 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has increased the amount of its line of credit facility with a commercial bank syndicate from $133.5 million to $153.5 million.
Other than described above, there were no material changes ...
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Credit Acceptance Announces Modification of Revolving Warehouse Facility
Feb 12, 2008
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SOUTHFIELD, Mich., Feb 12, 2008 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has extended the maturity of its revolving warehouse facility from February 13, 2008 to February 11, 2009 and reduced the amount of the facility from $425.0 million to $325.0 million. The red...
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Credit Acceptance Announces Fourth Quarter and 2007 Earnings
Feb 1, 2008
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SOUTHFIELD, Mich., Feb 1, 2008 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company," "we," "our," or "us") announced consolidated net income of $12.5 million, or $0.40 per diluted share, for the three months ended December 31, 2007 compared to consolidated net income of $8.5 million, o...
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Credit Acceptance Announces Modification of Line of Credit Agreement
Jan 25, 2008
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SOUTHFIELD, Mich., Jan 25, 2008 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has increased the amount of its line of credit facility with a commercial bank syndicate from $75.0 million to $133.5 million. In addition, the maturity of the line of credit facility will ex...
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Credit Acceptance Announces Modification of Revolving Warehouse Facility
Dec 21, 2007
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SOUTHFIELD, Mich., Dec 21, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has increased the amount of its revolving warehouse facility from $325 million to $425 million.
Under this facility, the Company may contribute dealer loans and purchased loans to a wholl...
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Credit Acceptance Announces Third Quarter 2007 Earnings
Oct 30, 2007
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SOUTHFIELD, Mich., Oct 30, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $14.7 million, or $0.47 per diluted share, for the three months ended September 30, 2007 compared to consolidated net income of $15.3 million...
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Credit Acceptance Announces Completion of $100 Million Asset-Backed Financing
Oct 29, 2007
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SOUTHFIELD, Mich., Oct 29, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today the completion of a $100.0 million asset-backed non-recourse secured financing. Pursuant to this transaction, the Company contributed dealer loans having a net book value of approximately $125.0 mill...
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Credit Acceptance Announces Second Quarter 2007 Earnings
Aug 2, 2007
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SOUTHFIELD, Mich., Aug 2, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $12.3 million, or $0.39 per diluted share, for the three months ended June 30, 2007 compared to consolidated net income of $17.6 million, or $...
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Credit Acceptance Announces Extension and Modifications of Credit Agreement
Jun 14, 2007
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SOUTHFIELD, Mich., Jun 14, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has extended the maturity of its credit facility with a commercial bank syndicate from June 20, 2008 to June 20, 2009. The Company also reduced the amount of the facility from $135 million to...
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Credit Acceptance Announces First Quarter 2007 Earnings
Apr 30, 2007
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SOUTHFIELD, Mich., Apr 30, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (referred to as the "Company", "we", "our", or "us") announced consolidated net income of $15.4 million, or $0.49 per diluted share, for the three months ended March 31, 2007 compared to consolidated net income of $17.2 million, or...
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Credit Acceptance Announces Completion of $100 Million Asset-Backed Financing
Apr 12, 2007
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SOUTHFIELD, Mich., Apr 12, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today the completion of a $100.0 million asset-backed non-recourse secured financing. Pursuant to this transaction, the Company contributed dealer loans having a net book value of approximately $125.7 mill...
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Credit Acceptance Announces Appointment of New Director
Mar 21, 2007
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SOUTHFIELD, Mich., Mar 21, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that the Board of Directors has nominated and appointed Scott J. Vassalluzzo to fill the Board vacancy created by the March 15, 2007 resignation of Harry Craig.
Mr. Vassalluzzo is a General Partn...
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Credit Acceptance Announces Renewal of Revolving Warehouse Facility of $325 Million
Feb 14, 2007
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SOUTHFIELD, Mich., Feb 14, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has renewed its $325 million revolving warehouse facility. The maturity date of this facility has been extended to February 13, 2008. Under this facility, as renewed, the Company may contribu...
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Credit Acceptance Announces Fourth Quarter and 2006 Earnings
Feb 12, 2007
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SOUTHFIELD, Mich., Feb 12, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced consolidated net income for the three months ended December 31, 2006 of $8.5 million or $0.27 per diluted share compared to $25.2 million or $0.65 per diluted share for the same period in 2005. For the yea...
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Credit Acceptance Announces Execution of Memorandum of Understanding to End Litigation
Feb 12, 2007
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SOUTHFIELD, Mich., Feb 12, 2007 (PrimeNewswire via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has signed a Memorandum of Understanding to settle a consumer class action lawsuit in the matter entitled Marvin Fielder, et al v. Credit Acceptance Corporation, pending in the Circuit Court ...
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Credit Acceptance Announces Completion of $100 Million Asset-Backed Financing
Nov 21, 2006
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SOUTHFIELD, Mich., Nov 21, 2006 (PrimeZone Media Network via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today the completion of a $100.0 million asset-backed non-recourse secured financing, its fourteenth asset-backed financing. Pursuant to this transaction, the Company contributed dealer loans hav...
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Credit Acceptance Announces: Third Quarter 2006 Earnings
Oct 30, 2006
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SOUTHFIELD, Mich., Oct 30, 2006 (PrimeZone Media Network via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced consolidated net income for the three months ended September 30, 2006 of $15.3 million or $0.44 per diluted share compared to $14.6 million or $0.38 per diluted share for the same period in 2005....
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Credit Acceptance Corporation Announces Final Results of Its Modified Dutch Auction Tender Offer
Oct 3, 2006
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SOUTHFIELD, Mich., Oct 3, 2006 (PrimeZone Media Network via COMTEX News Network) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced the final results of its modified Dutch auction tender offer, which expired at 5:00 p.m. Eastern Standard Time, on September 26, 2006. Credit Acceptance commenced the tender offer on August 28, 20...
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