American Credit Acceptance (ACA) is readying its third subprime auto loan securitization of the year, according to a presale report by Standard & Poor’s.

The deal, American Credit Acceptance Receivables Trust 2014-3, has a three-month prefunding period that ends November 10, 2014. On this date, the issuer will deposit approximately $44 million of the proceeds from the sale of the notes into the prefunding account.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.