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Onyx Acceptance Corp

BUSINESS
December 14, 1999 | Dow Jones
Onyx Acceptance Corp. said Monday that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of $20 million in subordinated notes. The Foothill Ranch automobile finance company said Miller & Schroeder Inc. will be the managing underwriter.
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BUSINESS
September 20, 1998
Onyx Acceptance Corp., an Irvine-based automobile finance company, said it has boosted its lending capacity with its primary lender, an affiliate of Capital Markets Assurance Corp., to $325 million from $245 million. Onyx said it also extended the term of the credit facility another three years, to September 2001.
BUSINESS
September 8, 1999 | EDMUND SANDERS, Edmund Sanders covers financial institutions and fraud for The Times. He can be reached at (714) 966-5811 and at edmund.sanders@latimes.com
Onyx Acceptance Corp., the Foothill Ranch-based auto lender, has been named by Individual Investor magazine as one of America's fastest-growing companies. Onyx was one of only four companies on the list with a market capitalization under $75 million and a "thumbs up" rating from the magazine.
BUSINESS
April 23, 1999
Shares in Onyx Acceptance Corp., the Foothill Ranch automobile finance company, surged 37% Thursday after the company said its first-quarter net income nearly tripled. Onyx said profits rose to $2.2 million, or 34 cents a share, from $742,360, or 12 cents a share, for the like period last year. Revenue increased 66% to $19.6 million from $11.8 million. The company's stock closed Thursday at $8.63 a share, up $2.31.
BUSINESS
July 23, 1998
Onyx Acceptance Corp.: The Irvine automobile finance company said second-quarter net income more than doubled, to $1.4 million, or 21 cents a share, from $653,210, or 10 cents a share, in the same period of 1997. Revenue gained 63% to $14.2 million from $8.7 million. Net income for the six-month period increased 69% to $2.2 million, or 34 cents a share, from $1.3 million, or 20 cents a share, for the like period a year ago. Revenue advanced 64% to $26.1 million from $15.9 million.
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