Credit Acceptance Corp., founded in 1972 and headquartered in Southfield, Michigan, is a pioneering firm in the automotive financing sector. The company is dedicated to providing car dealers with financing solutions for consumers with subprime credit, facilitating vehicle purchases that might otherwise be inaccessible.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CACC 6.63% 2026-03-15 USDCredit Acceptance Corp. | United States | 2026-03-15 | 6.625 | 6.61 |
| CACC 9.25% 2028-12-15 USDCredit Acceptance Corp. | United States | 2028-12-15 | 9.250 | 7.28 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Historically, Credit Acceptance began issuing bonds in the early 2000s to support its loan offerings and has become a significant player in the asset-backed securities market. Notable issuances include the securitization of its automobile loans, which has seen increasing demand due to the company's stable cash flows. As of late 2023, their bond yields are competitive within the subprime auto financing sector, reflecting both the risk and the solid performance of its loan portfolios, with recent highlights including a well-received $300 million bond issuance that featured enhanced credit support mechanisms.