{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-23-000070","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2023-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.611066+00:00","generated_at":"2026-06-13T15:52:48.193388+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Credit Acceptance extends revolving credit facility to 2026; facility reduced to $390M","bullets":["Maturity extended from June 22, 2025 to June 22, 2026.","Facility amount decreased net $20M from $410M to $390M (scheduled $25M decrease offset by $5M increase).","Outstanding balance as of June 22, 2023: $89.8 million.","No other material changes to the terms of the facility."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-23-000070","json":"https://secwatch.observer/filing/0000885550-23-000070.json","markdown":"https://secwatch.observer/filing/0000885550-23-000070.md","text":"https://secwatch.observer/filing/0000885550-23-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000070/0000885550-23-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000070/cacc-20230622.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:52:48.193388+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8e1ba3a241cc236aa3412044f495c938aa921d7a","claim":"CREDIT ACCEPTANCE CORP amended revolving credit of from $410.0 million to $390.0 million with Comerica Bank and the other banks signatory thereto (collectively, the \"Banks\") and Comerica Bank as administrative agent maturing June 22, 2026.","evidence_excerpt":"set to decrease by $25.0 million on June 22, 2023, however this amendment increased the amount of the facility by $5.0 million resulting in a net decrease of $20.0 million, from $410.0 million to $390.0 million. As of June 22, 2023, we had $89.8 million outstanding under the revolving secured line of credit facility. The terms and conditions of this transaction are set","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555023000070/0000885550-23-000070-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"from $410.0 million to $390.0 million"},{"label":"Counterparty","value":"Comerica Bank and the other banks signatory thereto (collectively, the \"Banks\") and Comerica Bank as administrative agent"},{"label":"Maturity","value":"June 22, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}