a line of credit granted by a bank to an importer against which an exporter can draw a bill of exchange. After acceptance by the bank, the bill can either be sold in the market or held until maturity.
Please KILL BW0086, (MI-CREDIT-ACCEPTANCE) Credit Acceptance Corp. Reports Third Quarter Results, which ran on Business Wire at 8:41 ET on 10/22/1999. Also KILL the CORRECTION, BW0108, (CQN-MI-CREDIT-ACCEPTANCE) Correcting Credit Acceptance Corp.'s Ratio of Total Balance Sheet Debt to Shareholders' Equity; Decreased From .90 to .61 Sted 90 Cents to...
SOUTHFIELD, Mich.--BUSINESS WIRE--Oct. 17, 1995--Credit Acceptance Corp. announced today that it resolved its copyright infringement lawsuit against National Auto Credit to the mutual satisfaction of both companies.National Auto Credit has acknowledged that Credit Acceptance Corp. has valid copyrights for its financing program materials. Other terms of the resolution will remain...
SOUTHFIELD, Mich.--BUSINESS WIRE--Jan. 13, 1995--Credit Acceptance Corp. announced today that it has completed a $120 million credit agreement with several commercial banks.Borrowings under the agreement will bear interest at the banks' prime rate or 1.25 percent over the Eurocurrency rate. The company expects to borrow under the credit agreement...
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of B Fair for First Acceptance Insurance Company, Inc. and separately-rated First Acceptance Insurance Company of Georgia, Inc., both members of the First Acceptance Insurance Group First Acceptance (Grand Prairie, TX). The rating outlook is stable.
Byline: Brent Snavely The Nasdaq National Market notified Southfield-based Credit Acceptance Corp. that the company's stock was delisted before the market opened Wednesday. Credit Acceptance (Nasdaq: CACCE) said in a statement Tuesday that it h Byline: Brent Snavely ...
SOUTHFIELD, Mich.--BUSINESS WIRE--Dec. 4, 1996--Credit Acceptance Corp. announced today that it has completed a $250,000,000 credit agreement with a group of 17 commercial banks.
SOUTHFIELD, Mich.--BUSINESS WIRE--July 31, 1998--Credit Acceptance orporation (NASDAQ:CACC) today announced that it has completed a $115,000,000 credit agreement with a group of commercial banks which will replace its current credit facility. Borrowings under the agreement will bear interest at the bank's prime rate or 1.4% over the Eurocurrency rate. The...
Delayed report, suit smack Credit Acceptance The tough times continue for Credit Acceptance Corp. (Nasdaq: CACC). The South field specialty auto-finance company said last Wednesday that its 1997 earnings statement would be delayed because its auditors,Delayed report, suit smack Credit Acceptance The tough times continue for...
SOUTHFIELD, Mich.--BUSINESS WIRE--July 15, 1999-- Credit Acceptance Corp. (Nasdaq:CACC) announced today that the United States District Court for the Eastern District of Michigan has granted the plaintiffs' motion for reconsideration of its April 23, 1999 judgement dismissing with prejudice the putative consolidated class action entitled In re Credit Acceptance...
Credit Acceptance steady in rocky industry Credit Acceptance Corp.'s stock is still struggling, but the company is still able to sell debt on the open market. The Southfield-based specialty auto finance company raised $71.75 million in a sale of unsecCredit Acceptance steady in rocky industry ...
SOUTHFIELD, Mich.--BUSINESS WIRE--June 15, 1999-- Credit Acceptance Corporation (Nasdaq:CACC) announced today that it has completed a $110 million credit agreement with a group of commercial banks which will replace its current credit facility. Borrowings under the facility will bear interest at the bank's prime rate or 1.4% over...
SAN FRANCISCO--BUSINESS WIRE--April 19, 1996--Montgomery Securities Analyst Jordan Hymowitz has raised his rating on Credit Acceptance Corporation (NASDAQ: CACC) from HOLD to BUY.Hymowitz expects the company to earn $0.89 per share in Fiscal Year December 1996 and $1.14 per share in Fiscal Year 1997. His 1996 target price is...
SOUTHFIELD, Mich.--BUSINESS WIRE--June 24, 1998--Credit Acceptance Corp. (NASDAQ:CACC) announced today that the board of directors of the company had approved the appointment of Deloitte & Touche LLP as its new independent accountants for the year ended Dec. 31, 1998.Credit Acceptance Corp. is a specialized financial services company which provides...
GAINESVILLE, Fla.--BUSINESS WIRE--Oct. 10, 1997--Barber & Bronson Inc. is initiating coverage of Credit Acceptance Corp. (NASDAQ:CACC) with a "2-Accumulate" in the short term and "2-Accumulate" for long term investors based on the company's rapid growth in the automobile financing industry.
SOUTHFIELD, Mich.--BUSINESS WIRE--May 11, 1999-- Credit Acceptance Corp. (Nasdaq:CACC) announced today that it has sold 100 percent of its subsidiary, which provides risk assessment, fraud alert information and computerized skiptracing services regarding non-prime consumers to companies serving the non-prime consumer market, for $20.5 million in cash. The...
SOUTHFIELD, Mich.--BUSINESS WIRE--May 21, 1996--Credit Acceptance Corp. CAC and Western Diversified today announced a joint program created to expand the availability of alternative financing to automobile dealers across the United States.
NEW YORK -- Credit Suisse First Boston Mortgage Acceptance Corp., mortgage pass-through certificates, series 2004-7, is rated as follows by Fitch Ratings:
GAINESVILLE, Fla.--BUSINESS WIRE--Oct. 23, 1997--Barber & Bronson Inc. is lowering its rating on Credit Acceptance Corp. (NASDAQ:CACC) to a "3-Hold" in the short term and "3-Hold" for long term investors based on the company's disappointing results in the third quarter and concern over its future financial performance.
SOUTHFIELD, Mich.--BUSINESS WIRE--Nov. 8, 1994-Credit Acceptance Corp. announced today that it has completed the sale of its $60 million, 8.87 percent Senior Notes due Nov. 1, 2001 to various insurance companies. The Notes are unsecured and require semi-annual interest payments commencing on May 1, 1995, and annual...
