04:37 PM EDT, 07/11/2025 (MT Newswires) -- Credit Acceptance ( CACC ) said late Friday it has extended its $75 million revolving secured warehouse facility by two years, from Sept. 2026 to Sept. 2028.

The specialty finance company also said the interest rate on borrowings under the facility was adjusted from the secured overnight financing rate, or SOFR, plus 210 basis points to SOFR plus 185 basis points.

The servicing fee on collections from customer loans was also reduced from 6% to 4%, it added.