Credit Acceptance extends revolver maturity to 2027, rate switches to SOFR+197.5 bps

CREDIT ACCEPTANCE CORP

Maturity of secured line of credit extended from June 22, 2026 to June 22, 2027.
Interest rate changed from BSBY +187.5 bps to SOFR +197.5 bps.
Outstanding balance under the facility: $66.8 million as of June 17, 2024.
No other material changes to facility terms.

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