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Onyx Acceptance Corp

BUSINESS
October 21, 1994 | James S. Granelli, Times staff writer
Onyx Sells Securities: Onyx Acceptance Corp., an Irvine company specializing in automobile finance, said it has sold $38.6 million in securities backed by the automobiles it finances. The company's management should have some experience at creating such securities. It's an offshoot of Western Financial Savings Bank in Irvine, which pioneered the sale of securities backed by automobile loans.
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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.
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
May 18, 2000 | Edmund Sanders
Auto lender Onyx Acceptance Corp. said it has issued $12 million in unsecured, subordinated notes. The Foothill Ranch company said it would use the proceeds to pay down an existing credit line and for general corporate purposes. Miller & Schroeder Financial Inc. and Peacock, Hislop, Staley & Given Inc. underwrote the transaction.
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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