Southfield, Michigan, July 21, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) has been named by Crains Detroit Business as one of the 50 fastest-growing companies in the Detroit area.
Key Points:
- Southfield, Michigan, July 21, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) has been named by Crains Detroit Business as one of the 50 fastest-growing companies in the Detroit area.
- We're honored to receive Crains Fast 50 award for the eighth year in a row!
- This is the sixth workplace award that weve received this year as we also received:
Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
- Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.
Credit Acceptance was named #82 on the 2021 List of 100 Best Workplaces for Millennials based on the answers of millennial-aged employees who responded to the Trust Index survey last year.
Key Points:
- Credit Acceptance was named #82 on the 2021 List of 100 Best Workplaces for Millennials based on the answers of millennial-aged employees who responded to the Trust Index survey last year.
- The 100 Best Workplaces for Millennials ranking is one of a series of rankings by Great Place to Work and FORTUNE.
- Great Place to Work selected the Best Workplaces for Millennials by gathering and analyzing confidential survey responses from more than 5.3 million employees at Great Place to Work-Certified organizations.
- Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index survey .
Southfield, Michigan, July 12, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) has been named in IDGs Insider Pro and Computerworld 2021 Best Places to Work in IT in the Midsize category.
Key Points:
- Southfield, Michigan, July 12, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) has been named in IDGs Insider Pro and Computerworld 2021 Best Places to Work in IT in the Midsize category.
- During the judging process, the Insider Pro and Computerworld team closely looked over our nomination form that included a detailed description of the Company and our excellent benefits, career development and training opportunities.
- Today's announcement is the fourth workplace award that weve received this year as we also received:
To see the complete 2021 list, visit 2021 Best Places to Work in IT - Midsize Category .
- Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
b'have an expected annualized cost of approximately 1.5% including the initial purchasers\xe2\x80\x99 fees and other costs;\nrevolve for 24 months after which it will amortize based upon the cash flows on the contributed loans; and\nbe used by us to repay outstanding indebtedness and for general corporate purposes.\nWe will receive 4.0% of the cash flows related to the underlying consumer loans to cover servicing expenses.\xc2\xa0 The remaining 96.0%, less amounts due to dealers for payments of dealer holdback, will be used to pay principal and interest on the notes as well as the ongoing costs of the Financing.\xc2\xa0 The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers\xe2\x80\x99 rights to future payments of dealer holdback.\nThe notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.\xc2\xa0 This news release does not and will not constitute an offer to sell or the solicitation of an offer to buy the notes.\xc2\xa0 This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.\nSince 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\xc2\xa0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.\nWithout our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.\xc2\xa0 Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.\xc2\xa0 Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC.\xc2\xa0\xc2\xa0For more information, visit creditacceptance.com.\n'
Key Points:
- b'have an expected annualized cost of approximately 1.5% including the initial purchasers\xe2\x80\x99 fees and other costs;\nrevolve for 24 months after which it will amortize based upon the cash flows on the contributed loans; and\nbe used by us to repay outstanding indebtedness and for general corporate purposes.\nWe will receive 4.0% of the cash flows related to the underlying consumer loans to cover servicing expenses.\xc2\xa0 The remaining 96.0%, less amounts due to dealers for payments of dealer holdback, will be used to pay principal and interest on the notes as well as the ongoing costs of the Financing.\xc2\xa0 The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers\xe2\x80\x99 rights to future payments of dealer holdback.\nThe notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.\xc2\xa0 This news release does not and will not constitute an offer to sell or the solicitation of an offer to buy the notes.\xc2\xa0 This news release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933.\nSince 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\xc2\xa0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.\nWithout our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.\xc2\xa0 Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.\xc2\xa0 Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC.\xc2\xa0\xc2\xa0For more information, visit creditacceptance.com.\n'
He was named Chief Accounting Officer in May 2004 and Chief Financial Officer in December 2004.
Key Points:
- He was named Chief Accounting Officer in May 2004 and Chief Financial Officer in December 2004.
- From August 1991 until joining us, Mr. Booth worked in public accounting, most recently as a senior manager at PricewaterhouseCoopers LLP.
- Our Board of Directors includes three outside directors who have tremendous experience and wisdom and care deeply about our Company.
- And today, we are announcing the addition to our Board of Directors of Vinayak Hegde, whom I know and for whom I have great respect.
b'Southfield, Michigan, April 23, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the \xe2\x80\x9cCompany\xe2\x80\x9d, \xe2\x80\x9cCredit Acceptance\xe2\x80\x9d, \xe2\x80\x9cwe\xe2\x80\x9d, \xe2\x80\x9cour\xe2\x80\x9d, or \xe2\x80\x9cus\xe2\x80\x9d) announced today that we expect to issue a news release with our first quarter 2021 earnings on Thursday, April 29, 2021, after the market closes.\nA webcast is scheduled for Thursday, April 29, 2021, at 5:00 p.m. Eastern Time to discuss first quarter earnings.\xc2\xa0 The webcast can be accessed live by visiting the \xe2\x80\x9cInvestor Relations\xe2\x80\x9d section of our website at ir.creditacceptance.com or by dialing 877-303-2904.\xc2\xa0 Additionally, a replay and transcript of the webcast will be archived in the \xe2\x80\x9cInvestor Relations\xe2\x80\x9d section of our website.\nSince 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\xc2\xa0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.\nWithout our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.\xc2\xa0 Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.\xc2\xa0 Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.\xc2\xa0 For more information, visit creditacceptance.com .\n'
Key Points:
- b'Southfield, Michigan, April 23, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the \xe2\x80\x9cCompany\xe2\x80\x9d, \xe2\x80\x9cCredit Acceptance\xe2\x80\x9d, \xe2\x80\x9cwe\xe2\x80\x9d, \xe2\x80\x9cour\xe2\x80\x9d, or \xe2\x80\x9cus\xe2\x80\x9d) announced today that we expect to issue a news release with our first quarter 2021 earnings on Thursday, April 29, 2021, after the market closes.\nA webcast is scheduled for Thursday, April 29, 2021, at 5:00 p.m. Eastern Time to discuss first quarter earnings.\xc2\xa0 The webcast can be accessed live by visiting the \xe2\x80\x9cInvestor Relations\xe2\x80\x9d section of our website at ir.creditacceptance.com or by dialing 877-303-2904.\xc2\xa0 Additionally, a replay and transcript of the webcast will be archived in the \xe2\x80\x9cInvestor Relations\xe2\x80\x9d section of our website.\nSince 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.\xc2\xa0 Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing.\nWithout our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.\xc2\xa0 Further, as we report to the three national credit reporting agencies, an important ancillary benefit of our programs is that we provide consumers with an opportunity to improve their lives by improving their credit score and move on to more traditional sources of financing.\xc2\xa0 Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.\xc2\xa0 For more information, visit creditacceptance.com .\n'
Credit Acceptance was named to the 2021 Best Workplaces in Financial Services & Insurance list for the seventh year in a row.
Key Points:
- Credit Acceptance was named to the 2021 Best Workplaces in Financial Services & Insurance list for the seventh year in a row.
- We were named #21 among the countrys Best Workplaces in Financial Services & Insurance for the large company category.
- This award is another honor that Credit Acceptance has earned this year, as we were previously recognized as a 2021 Top Workplaces USA Award winner.
- To see the complete 2021 List of Best Workplaces in Financial Services & Insurance, visit greatplacetowork.com/2021 .
Retrieved on:
Thursday, February 18, 2021
The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers rights to future payments of dealer holdback.
Key Points:
- The Financing is structured so as not to affect our contractual relationships with our dealers and to preserve the dealers rights to future payments of dealer holdback.
- Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
- Without our financing programs, consumers are often unable to purchase vehicles or they purchase unreliable ones.
- Credit Acceptance is publicly traded on the Nasdaq stock market under the symbol CACC.For more information, visit creditacceptance.com.
Retrieved on:
Wednesday, February 3, 2021
Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024.
Key Points:
- Southfield, Michigan, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the Company, Credit Acceptance, we, our, or us) announced today that we extended the date on which our $400.0 million revolving secured warehouse facility will cease to revolve from July 12, 2022 to April 30, 2024.
- As of February 3, 2021, we had $75.0 million outstanding under the facility.
- Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
- Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.
