04:14 PM EDT, 06/17/2024 (MT Newswires) -- Credit Acceptance ( CACC ) said late Monday it extended the maturity of its revolving secured line of credit facility to June 22, 2027, from June 22, 2026.

The interest rate has changed to the Secured Overnight Financing Rate plus 197.5 basis points from the Bloomberg Short-Term Bank Yield Index rate plus 187.5 basis points, the company said.

As of Monday, the company had $66.8 million outstanding under the facility, it said.

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