Credit Acceptance Corporation is coming down the pike with a $140 million securitization of subprime auto loans, according to a presale from Kroll Bond Ratings. Wells Fargo is arranging the deal, Credit Acceptance’s first of 2013.

Slated to close April 25, 2013, the transaction is split into two tranches. A $118 million piece with a legal final maturity of 7.5 years scored ‘AAA(sf)’, while a $22.3 million slice with an 8-year legal final got ‘AA(sf).’

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