---
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"
generated_at: "2026-06-05T21:25:55.569264+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance extends $100M ABS financing revolving period to Feb 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000035
- JSON: https://secwatch.observer/filing/0000885550-24-000035.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000035.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Fifth Third Bank, National Association
  - Value: $100.0 million
  - Effective: 2024-02-16
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555024000035/0000885550-24-000035-index.htm

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