secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0000885550-23-000102
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 $200M warehouse facility maturity to Sep 2026, rate up 23.6 bps
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555023000102/0000885550-23-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555023000102/cacc-20230921.htm
  HTML page:      https://secwatch.observer/filing/0000885550-23-000102

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