Credit Acceptance Plans $400 Million Debt Offering-February 2024-www.financetom.com

Credit Acceptance Plans $400 Million Debt Offering

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Credit Acceptance Plans $400 Million Debt Offering

Feb 13, 2025 7:42 AM

10:22 AM EST, 02/13/2025 (MT Newswires) -- Credit Acceptance ( CACC ) said Thursday it plans to offer $400 million of senior notes due 2030.

Net proceeds from the offering will be used to help redeem its $400 million of 6.625% senior notes due 2026, the company said.

Shares of the company were up about 1.4% in recent trading.

Price: 509.49, Change: +6.78, Percent Change: +1.35

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