---
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"
generated_at: "2026-06-13T15:52:48.193388+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance extends revolving credit facility to 2026; facility reduced to $390M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-23-000070
- JSON: https://secwatch.observer/filing/0000885550-23-000070.json
- Plain text: https://secwatch.observer/filing/0000885550-23-000070.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: from $410.0 million to $390.0 million
  - Counterparty: Comerica Bank and the other banks signatory thereto (collectively, the "Banks") and Comerica Bank as administrative agent
  - Maturity: June 22, 2026
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555023000070/0000885550-23-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.