Credit Acceptance extends USD 500 million revolving warehouse facility to September 2028

Credit Acceptance extended the revolving period on its USD 500 million revolving secured warehouse facility to Sept. 15, 2028. Pricing on the facility tightened to SOFR + 175 basis points from SOFR + 185 basis points. USD 180 million was outstanding under the facility as of Sept. 15, 2026. Term ABS 2019-2 revolving period extended to Sept. 15, 2028 from Sept. 15, 2026. Interest rate on Term ABS 2019-2 increased to 5.83% from 5.43%.