National Auto Credit Inc., a leading provider of cash advances to dealers in the used car industry, said it had completed its previously announced private debt offering.

The company said it had issued $45 million principal amount of 7.66% unsecured senior notes with an average term of five years.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.