CREDIT ACCEPTANCE CORP (CACC): debt financing — Credit Acceptance extends $300M warehouse facility revolving period to Dec 2026

CREDIT ACCEPTANCE CORP

Fifth amendment extends revolving period from May 20, 2025 to December 29, 2026.
Facility size unchanged at $300.0 million; no other material changes to terms.
No balance outstanding under the facility as of December 29, 2023.
BMO, BMO Capital Markets, and Computershare are counterparties to the amendment.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CREDIT ACCEPTANCE CORP amended revolving credit of $300.0 million with Bank of Montreal maturing December 29, 2026.

Instrument: revolving credit
Principal: $300.0 million
Counterparty: Bank of Montreal
Maturity: December 29, 2026
Event: amendment

Exact text from the filing

The Warehouse Amendment extends the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from May 20, 2025 to December 29, 2026.

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Source: SEC EDGAR

accession 0000885550-24-000004

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