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Fair eyes new debt funding

Fair is in discussion with a "major global financial institution" for as much as $500 million of debt funding, Co-Founder Georg Bauer told Auto Finance News. To date, the 3-year-old vehicle subscription company has raised $1.5 billion in funding over nine rounds. "Once this [funding] is closed, we are picking up our work with the […]

Uber Makes IPO Case That It’s About the Platform, Not the Losses

Uber Technologies Inc., the current era’s archetypal startup, moved toward becoming a public company Thursday, revealing that it racked up a $3 billion operating loss last year and hoping potential investors will look beyond that. Less than two years after being tapped to take Uber to its initial public offering destination, Chief Executive Officer Dara […]

Credit Acceptance Issues $400M of Senior Notes

Credit Acceptance Corp. issued a private offering of $400 million of senior notes payable at 6.625% interest, according to a company release. The notes will mature in 2023. The company plans to use the proceeds for "general corporate purposes, which may include repayment of outstanding borrowings, if any, under our revolving credit facility," according to […]