---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-23-000131"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:39:32.357394+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance prices $600M 9.250% senior notes due 2028; upsized from $500M

## Summary
- Priced $600M aggregate principal of 9.250% senior notes due 2028 at 100% par.
- Offering upsized from previously announced $500M; closing expected Dec. 19, 2023.
- Net proceeds to fund cash tender offer for all $400M of 5.125% senior notes due 2024.
- Any remaining 2024 notes will be redeemed; proceeds also for fees and general corporate purposes.
- Notes offered only to QIBs under Rule 144A; not registered under Securities Act.

## SEC filing metadata
- accession: 0000885550-23-000131
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555023000131/0000885550-23-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555023000131/cacc-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-23-000131
- JSON: https://secwatch.observer/filing/0000885550-23-000131.json
- Plain text: https://secwatch.observer/filing/0000885550-23-000131.txt

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