Credit Acceptance prices $600M 9.250% senior notes due 2028; upsized from $500M

CREDIT ACCEPTANCE CORP

Priced $600M aggregate principal of 9.250% senior notes due 2028 at 100% par.
Offering upsized from previously announced $500M; closing expected Dec. 19, 2023.
Net proceeds to fund cash tender offer for all $400M of 5.125% senior notes due 2024.
Any remaining 2024 notes will be redeemed; proceeds also for fees and general corporate purposes.
Notes offered only to QIBs under Rule 144A; not registered under Securities Act.

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