Credit Acceptance Corp. Expands Line of Credit Facility
SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced that it has increased the amount of its line of credit facility with a commercial bank syndicate from $133.5 million to $153.5 million.
Other than described, officials indicated that there were no material changes to the terms of the line of credit facility.
As of Feb. 26, 2008, the company had $56.5 million outstanding under the facility.
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