TITLE

Asset Acceptance Pushes Back Refi

AUTHOR(S)
Iyer, Gayatri
PUB. DATE
May 2011
SOURCE
High Yield Report;5/23/2011, Vol. 22 Issue 21, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Asset Acceptance to delay its search for 275 million U.S. dollars credit facility which would have been used to refinance its existing senior secured debt consisting of 133.4 million U.S. dollars term loan B due 2013 and 100 million U.S. dollars revolving loan due 2012.
ACCESSION #
61218620

 

Related Articles

  • HIGHER CHARGE-OFF RATES MEAN MORE SUPPLY FOR DEBT BUYER.  // CardLine;8/3/2007, Vol. 7 Issue 31, p40 

    The article reports that Asset Acceptance Capital Corp., which buys and collects charged-off credit card debt, spent $38.1 million on debt portfolios for the second quarter ended June 30, 2007, nearly double the $18.9 million it spent during the same period in 2006. Asset spent an average of 3.4...

  • DEBT BUYER BUYS ITS LARGEST-EVER AMOUNT OF CHARGE-OFF DEBT.  // CardLine;8/8/2008, Vol. 8 Issue 32, p19 

    The article reports that debt buyer, Asset Acceptance Capital Corp. spent a record $65.3 million in the second quarter which ended on June 30, 2008 to buy charged-off consumer-debt portfolios with a face value of $1.9 billion. It is stated that by comparison, the company spent $37.6 million to...

  • ASSET ACCEPTANCE'S INCOME FALLS 21%.  // CardLine;4/27/2007, Vol. 7 Issue 17, p39 

    The article reports on the decline in the income of Asset Acceptance Capital Corp., a purchaser and collector of charged-off consumer debt in the U.S., during the first quarter ended March 3, 2007. Net income for the period was $9.9 million, dropping more than 21%. However, the company reported...

  • LARGEST DEBT BUYERS PRIMARILY PURCHASE CREDIT CARD ACCOUNTS.  // CardLine;8/8/2008, Vol. 8 Issue 32, p2 

    The article reports that the 15 largest debt buyers last year purchased a combined face value estimated between $25.1 billion and $37.7 billion in delinquent credit card accounts, or 60 percent to 90 percent of total debt purchases of $41.9 billion. The credit card debt purchased included Visa,...

  • Asset Acceptance to buy back up to 6.7 percent of shares. Henderson, Tom // Crain's Detroit Business;7/3/2006, Vol. 22 Issue 27, p28 

    The article informs that Warren, Michigan-based Assets Acceptance Capital Corp. will be repurchasing up to 2.5 million shares of stock on the open market, or about 6.7 percent of its outstanding shares. The company buys and collects written-off consumer debt.

  • With Charged-Off Debt, Buyers Play A Waiting Game. Grabarek, Bill; Waggoner, Darren // American Banker;6/26/2009, Vol. 174 Issue 122, p10 

    The article discusses the caution being exercised by companies that purchase charged-off consumer debt in order to take advantage of decreasing debt prices. Commentary is provided by Mark Redman, chief financial officer (CFO) of Asset Acceptance Capital Corp., on the controlled level of...

  • BRIEFS.  // CardLine;6/8/2007, Vol. 7 Issue 23, p33 

    This section offers news briefs on the credit card industry. The European Commission approved the proposed acquisition of transaction processor First Data Corp. by private equity firm Kohlberg Kravis and Roberts. Credit bureau Equifax lowered its earnings estimates for the year to between $1.96...

  • CREDIT INFORMATION.  // Buffalo Law Journal;12/11/2006, Vol. 78 Issue 99, p25 

    The article presents a list of credit information in Buffalo, New York. James W. Baker owes Palisades Collection the amount of $4,143.67. Sara Brown owes Asset Acceptance the amount of $2,195.98. Arthur Zurek owes the amount of $978.41 to Centurion Capital.

  • DEBT BUYERS CONSUME EVER-MORE CREDIT CARD PAPER.  // CardLine;12/29/2006, Vol. 6 Issue 52, p21 

    The article reports that the top 10 debt purchasers in the U.S. posted combined revenues of nearly $2.6 billion in 2005, as ranked in CardLine sister publication Collections & Credit Risk. The top three include Sherman Financial Group, Charleston, South Carolina, which reported $1 billion in...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics