secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2024-01-04T23:59:59+00:00
Accession:  0000885550-24-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credit Acceptance extends $300M warehouse facility revolving period to Dec 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000004/0000885550-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000004/cacc-20231229.htm
  HTML page:      https://secwatch.observer/filing/0000885550-24-000004

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