secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0000885550-23-000134
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credit Acceptance announces $322M of $400M notes tendered in debt tender offer
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- $322,270,000 of $400M 5.125% senior notes due 2024 validly tendered by Dec 14 expiration.
- Tender offer price of $1,000 per $1,000 principal plus accrued interest; settlement expected Dec 19.
- Closing conditioned on successful completion of new senior debt offering, expected around Dec 19.
- Wells Fargo Securities acted as dealer manager; Global Bondholder Services as tender agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555023000134/0000885550-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555023000134/cacc-20231215.htm
  HTML page:      https://secwatch.observer/filing/0000885550-23-000134

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