---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-23-000140"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:58:37.208810+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance closes $600M 9.25% notes, tenders $322M of 2024 notes

## Summary
- Issued $600M aggregate principal of 9.250% Senior Notes due 2028 at 100% of par.
- Tender offer for $400M 5.125% 2024 notes closed; $322.27M (80.6%) validly tendered.
- Net proceeds ~$591.5M; used to pay tender consideration, fees, and redeem remaining 2024 notes.
- Remaining 2024 notes to be redeemed on Dec 31, 2023 at 100% of principal plus accrued interest.
- Notes offered in private placement to QIBs; not registered under Securities Act.

## SEC filing metadata
- accession: 0000885550-23-000140
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555023000140/0000885550-23-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555023000140/cacc-20231219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-23-000140
- JSON: https://secwatch.observer/filing/0000885550-23-000140.json
- Plain text: https://secwatch.observer/filing/0000885550-23-000140.txt

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