Credit Acceptance Corporation has completed a $450 million asset-backed financing deal by transferring loans worth about $562.6 million to a special purpose entity. The financing involves issuing three classes of notes with interest rates between 4.65% and 5.28%, and an expected average annual cost of 5.2%. The funds will be used to repay higher-cost debt and for general corporate purposes, while preserving dealer relationships and rights. This move helps the company manage its debt more efficiently and supports its vehicle financing business model.
The Schall Law Firm is investigating UP Fintech Holding Limited for possible securities law violations after a Reuters report revealed China's crackdown on illegal cross-border securities trading. The report accused UP Fintech's Tiger subsidiary of o...
Asset Workflows Ltd, a UK-based asset data management firm, received a major strategic investment led by CoMade and two healthcare investors. This funding will accelerate its expansion in Australia and the Asia-Pacific region, enhance product develop...
Talk of a Tesla-SpaceX merger is intensifying as Elon Musk moves closer to taking SpaceX public. The two companies already share engineering talent and collaborate on energy, computing, and infrastructure challenges. The potential deal is largely dri...
Former President Donald Trump publicly defended the Commodity Futures Trading Commission's (CFTC) exclusive federal authority over prediction markets, criticizing state-level efforts to restrict these platforms. He named several officials opposing fe...
Rayonier (RYN) offers investors a chance to diversify into timberland, real estate, and solar assets, trading at a rare 27% discount to its net asset value (NAV) and a 57% discount to its historical price-to-book ratio. Its portfolio includes over 4....
