Credit Acceptance extended the date on which its $75 million revolving secured warehouse facility will cease to revolve from September 30, 2020 to September 30, 2022.
According to a related 8-K filing, Wells Fargo is the lender.
There were no other material changes to the terms of the facility.
As of July 25, 2019, the company did not have a balance 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.
