Credit Acceptance says raises line of credit facility

Newswire

Jan 25 (Reuters) - Auto loan provider Credit Acceptance Corp said it increased the amount of its line of credit facility with a commercial bank syndicate to $133.5 million from $75 million. The maturity of the line of credit facility will extend from June 20, 2009, to June 22, 2010, provided the company reports net income of at least $5.0 million for both the fourth quarter of 2007 and the first quarter of 2008, it said in a statement. (Reporting by Bijoy Koyitty in Bangalore; Editing by ...

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