latest news releases from the newsroom
Credit Acceptance Corporation
Credit Acceptance Announces Renewal of Revolving Warehouse Facility of $325 Million
SOUTHFIELD, Mich., Feb. 14, 2007 (PRIME NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq:CACC) (the "Company") announced today that it has renewed its $325 million revolving warehouse facility. The maturity date of this facility has been extended to February 13, 2008. Under this facility, as renewed, the Company may contribute dealer loans to a wholly owned special purpose entity and receive 80% of the net book value of the dealer loans in non-recourse financing. Borrowings under the facility bear interest at a floating rate equal to the commercial paper rate plus 65 basis points. As of February 13, 2007, the Company had $197.5 million outstanding on the facility.
Izard Nobel LLP
Schatz Nobel Izard, P.C. Announces Class Action Lawsuit Against Quanta Capital Holdings -- QNTA
HARTFORD, Conn., Feb. 14, 2007 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired the publicly traded securities of Quanta Capital Holdings ("Quanta" or the "Company") (Nasdaq:QNTA) between December 14, 2005 and March 2, 2006, inclusive, (the "Class Period"). Also included are all those who purchased in the Secondary Offering on or around December 14, 2005.