Credit Acceptance plans $400M senior notes offering to refinance 6.625% notes due 2026

CREDIT ACCEPTANCE CORP

Offering $400M aggregate principal of senior notes due 2030 to qualified institutional buyers under Rule 144A.
Net proceeds, with cash on hand, will redeem all $400M of 6.625% senior notes due 2026.
Pending redemption, proceeds may be invested short-term or used to repay revolving credit facility borrowings.
Notes are unregistered and may not be offered or sold in the U.S. absent registration or exemption.

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