SOUTHFIELD, Mich. — Credit Acceptance Corp. announced last
week that it has extended the maturity of its credit facility with a commercial
bank syndicate.

The maturity date moved from June 22, 2015 to June 23, 2016. 

"There were no material changes to the terms of the
facility," company officials said. "The credit facility continues to be secured
by a lien on most of our assets."

As of June 20, Credit Acceptance had $117.7 million
outstanding under the facility.

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