Credit Acceptance Corporation announces completion of US$550m ABF deal
Credit Acceptance Corporation (CACC) has announced the completion of a US$550m non-recourse secured asset-backed financing (ABF). In accordance to this transaction, CACC conveyed loans of approximately US$687.7m to a wholly owned special purpose entity which will transfer the loans to a trust. The trust will issue three classes of notes:
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Posted on Jun 21, 2024 Region: USA
asset backed finance Credit Acceptance Corporation
