---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-23-000102"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T09:03:39.184233+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance extends $200M warehouse facility maturity to Sep 2026, rate up 23.6 bps

## Summary
- Revolving secured warehouse facility maturity extended to Sep 21, 2026 from Sep 1, 2024.
- Interest rate increased from SOFR+201.4 bps to SOFR+225 bps.
- No outstanding balance as of Sep 21, 2023.
- No other material changes to facility terms.

## SEC filing metadata
- accession: 0000885550-23-000102
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2023-09-26T23:59:59+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/885550/000088555023000102/0000885550-23-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555023000102/cacc-20230921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-23-000102
- JSON: https://secwatch.observer/filing/0000885550-23-000102.json
- Plain text: https://secwatch.observer/filing/0000885550-23-000102.txt

## Key facts
- Debt Financings
  CREDIT ACCEPTANCE CORP amended revolving credit of $200.0 million with Citizens Bank, N.A. at SOFR plus 225 basis points maturing September 21, 2026.
  - Instrument: revolving credit
  - Principal: $200.0 million
  - Counterparty: Citizens Bank, N.A.
  - Rate: SOFR plus 225 basis points
  - Maturity: September 21, 2026
  - Event: amendment
  source text: 21, 2023, among the Company, CAC Warehouse Funding LLC VIII, Citizens Bank, N.A., and Computershare Trust Company, N.A. The Warehouse Amendment extends the date on which our $200.0 million revolving secured warehouse facility will cease to revolve from September 1, 2024 to September 21, 2026. The interest rate on borrowings under the facility has increased from
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555023000102/0000885550-23-000102-index.htm

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