Credit Acceptance Corporation announced it has ncreased the amount of one of its revolving secured warehouse facilities from $325.0 million to $400.0 million. There were no other material changes to the terms of the facility.
As of May 19, 2015, Credit Acceptance did not have a balance outstanding under the facility.
Since 1972, Credit Acceptance has offered automobile dealers financing programs that enable them to sell vehicles to consumers, regardless of their credit history.