secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0000885550-23-000070
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555023000070/0000885550-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555023000070/cacc-20230622.htm
  HTML page:      https://secwatch.observer/filing/0000885550-23-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer