{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-24-000035","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.142869+00:00","generated_at":"2026-06-05T21:25:55.569264+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Credit Acceptance extends $100M ABS financing revolving period to Feb 2026","bullets":["Term ABS 2021-1 revolving period extended from Dec 16, 2024 to Feb 17, 2026.","No other material changes to the $100 million non-recourse secured financing.","Amendment entered with Fifth Third Bank, National Association as lender.","Original financing dated January 29, 2021; extension provides additional liquidity runway."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-24-000035","json":"https://secwatch.observer/filing/0000885550-24-000035.json","markdown":"https://secwatch.observer/filing/0000885550-24-000035.md","text":"https://secwatch.observer/filing/0000885550-24-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000035/0000885550-24-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000035/cacc-20240216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T21:25:55.569264+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d200653246f12b1419bc54712595e7e3b74c9426","claim":"CREDIT ACCEPTANCE CORP amended Fifth Amendment to the Loan and Security Agreement with Fifth Third Bank, National Association valued at $100.0 million (effective 2024-02-16).","evidence_excerpt":"On February 16, 2024, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) and Credit Acceptance Funding LLC 2021-1 entered into the Fifth Amendment to the Loan and Security Agreement (the “Amendment”) with Fifth Third Bank, National Association, extending the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 and to which we refer as Term ABS 2021-1.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000035/0000885550-24-000035-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Fifth Third Bank, National Association"},{"label":"Value","value":"$100.0 million"},{"label":"Effective","value":"2024-02-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}