Credit Acceptance Corporation (Nasdaq: CACC) announced the completion of a $500.0 million asset-backed non-recourse secured financing. In this transaction, the company conveyed loans valued at approximately $625.2 million to a wholly owned special purpose entity, which will transfer the loans to a trust that will issue three classes of notes. Specific details such as price, maturity date, and interest rate for each issuance were not disclosed in the announcement. The notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. No URL for the full prospectus is included in the document.