NasdaqGS:CACCConsumer Finance
The Bull Case For Credit Acceptance (CACC) Could Change Following Cheaper, Extended Term ABS 2021-1 Financing
On January 15, 2026, Credit Acceptance Corporation announced it had extended its $100.0 million asset-backed non-recourse secured financing (Term ABS 2021-1), pushing the revolving end date from February 17, 2026 to January 18, 2028 and reducing the interest rate from SOFR plus 220 basis points to SOFR plus 140 basis points.
This longer-term, lower-cost funding line can support Credit Acceptance’s funding stability and interest expense profile, which is particularly important given its...