Credit Acceptance extends maturity of secured revolver to 2016

By Marisa Wong

Madison, Wis., June 20 - Credit Acceptance Corp. said it extended the maturity date of its revolving secured line of credit to June 23, 2016 from June 22, 2015.

There were no material changes to the terms of the credit facility, according to a news release.

As of June 20, the company had $117.7 million outstanding under the facility.

Credit Acceptance is a Southfield, Mich.-based provider of consumer auto loans.

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