 Southfield, Michigan, Jan. 29, 2021 GLOBE NEWSWIRE -- Credit Acceptance Corporation Nasdaq: CACC the Company, Credit Acceptance, we, our, or us announced today the completion of a 100.0 million asset-backed non-recourse secured financing the Financing. Pursuant to this transaction, we contributed approximately 125.1 million of loans to a wholly-owned special purpose entity that will pledge the loans to an institutional lender under a loan and security agreement. 