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2011 Press Releases


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11/14/11Asset Acceptance Capital Corp. Announces New Credit Facility
Enhances purchasing capacity and flexibility to fund long-term growth strategy WARREN, Mich., Nov 14, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today announced the completion of a new senior secured credit facility. The new facility was led by a syndicate of banks with J.P. Morgan Securities LLC and RBS Citizens N.A. acting as lead arrangers. Berenson & Compa... 
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11/01/11Asset Acceptance Capital Corp. Reports Third Quarter 2011 Results
Earnings per fully diluted share of $0.10 driven by continued momentum in collection growth, improved operating expense base and operating efficiencies WARREN, Mich., Nov 01, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter ended September 30, 2011. Third Quarter 2011 Financial Highlights: Cash collections for the third quarter of 20... 
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10/18/11Asset Acceptance Capital Corp. to Host Third Quarter Conference Call November 1
WARREN, Mich., Oct 18, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the third quarter 2011 on Tuesday, November 1, 2011, at 4:00 p.m. ET. The Company will host a conference call at 4:30 p.m. ET the same day to discuss its results. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual investors ... 
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07/28/11Asset Acceptance Capital Corp. Reports Second Quarter 2011 Results
Earnings per fully diluted share increase to $0.12 from $0.03 in the prior year period WARREN, Mich., Jul 28, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter ended June 30, 2011. Second Quarter 2011 Financial Highlights: Cash collections for the second quarter of 2011 increased 5.9% compared to the prior year period to $89.2 million... 
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07/07/11Asset Acceptance Capital Corp. to Host Second Quarter Conference Call July 28
WARREN, Mich., Jul 07, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the second quarter 2011 on Thursday, July 28, 2011, at 4:00 p.m. ET. The Company will host a conference call at 4:30 p.m. ET the same day to discuss its results. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual investors ... 
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06/09/11Asset Acceptance Capital Corp. to Present at 31st Annual William Blair & Co. Growth Stock Conference
WARREN, Mich., Jun 09, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today announced that President and CEO Rion Needs and Senior Vice President of Finance and CFO Reid Simpson will present at the 31st Annual William Blair & Co. Growth Stock Conference to be held at the Four Seasons Hotel in Chicago. Management is scheduled to present at 10:40 a.m. CDT, Thur... 
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05/17/11Asset Acceptance Capital Corp. Delays Pursuit of New Senior Secured Credit Facilities
WARREN, Mich., May 17, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today announced that it has decided to delay its pursuit of new senior secured credit facilities. Rion Needs, President and Chief Executive Officer, commented, "While we had built meaningful demand during the recent process, we believe this additional time will allow us to demonstrate impr... 
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04/28/11Asset Acceptance Capital Corp. Reports First Quarter 2011 Results
Earnings per fully diluted share increase to $0.04 from $0.01 in the prior year period WARREN, Mich., Apr 28, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter ended March 31, 2011. First Quarter 2011 Financial Highlights: Cash collections for the first quarter of 2011 increased 2.3% compared to the prior year period to $91.3 million.... 
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04/20/11Asset Acceptance Capital Corp. to Pursue New Senior Secured Credit Facilities
New credit facilities will provide additional capacity and flexibility WARREN, Mich., Apr 20, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ:AACC), a leading purchaser and collector of charged-off consumer debt, today announced that it has engaged JP Morgan Securities LLC to act as sole lead arranger and bookrunner to arrange a syndicate of lenders to fund new senior secured loans to replace its existing credit facilities. The proposed trans... 
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04/14/11Asset Acceptance Capital Corp. to Host First Quarter Conference Call April 28
WARREN, Mich., Apr 14, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the first quarter 2011 on Thursday, April 28, 2011, at 4:00 p.m. ET. The Company will host a conference call at 4:30 p.m. ET the same day to discuss its results. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual investors ... 
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03/03/11Asset Acceptance Capital Corp. Reports Fourth Quarter and Full Year 2010 Results
The Company increased year-over-year purchasing and implemented significant cost reduction actions WARREN, Mich., Mar 03, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC), a leading purchaser and collector of charged-off consumer debt, today reported results for the quarter and fiscal year ended December 31, 2010. Fourth Quarter 2010 Financial Highlights Cash collections for the fourth quarter of 2010 increased 2.3% compared to the pri... 
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02/03/11Asset Acceptance Capital Corp. to Host Fourth Quarter and 2010 Year-End Conference Call March 3
WARREN, Mich., Feb 03, 2011 (BUSINESS WIRE) --Asset Acceptance Capital Corp. (NASDAQ: AACC) announced today that it will release its financial results for the fourth quarter and year-end 2010 on Thursday, March 3, 2011, at 4:00 p.m. EST. The Company will host a conference call at 4:30 p.m. EST the same day to discuss its results. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. Individual in... 
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