Credit Acceptance prices $500M 6.625% senior notes due 2030, upsized from $400M

CREDIT ACCEPTANCE CORP

Priced $500M aggregate principal of 6.625% senior notes due 2030 at 100% issue price; offering size increased from $400M.
Net proceeds to redeem all $400M of outstanding 6.625% senior notes due 2026 and for general corporate purposes.
Closing expected on or about February 28, 2025, subject to customary conditions.

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