American Credit Acceptance Closes $100 Million Securitization with Wells Fargo Securities
American Credit Acceptance (ACA), an indirect auto finance company, announces its inaugural $100 million dollar term securitization with Wells Fargo Securities under the ACAR securitization program. The deal closed October 20, 2011.
The inaugural securitization is the first step towards reaching the Company's goal of becoming a programmatic issuer in the market. ACA plans to issue three to four securitizations each year of this size or larger. The additional capital will fund ACA's growth strategy for 2012 and beyond. » Read Full Article