NasdaqGS:CACCConsumer Finance
Does Cheaper Credit Really Improve Credit Acceptance’s (CACC) Risk‑Return Balance in Non‑Prime Auto?
In June 2026, Credit Acceptance Corporation entered into the Fifteenth Amendment to its Sixth Amended and Restated Credit Agreement, extending the revolving secured line of credit facility’s revolving period from June 22, 2028 to June 22, 2029 and reducing the interest margin on SOFR-based borrowings from 197.5 to 175.0 basis points, with US$270.5 million outstanding as of June 9, 2026.
This extension and lower borrowing spread modestly improve funding flexibility and interest costs, which...