secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000885550-24-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000035/0000885550-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000035/cacc-20240216.htm
  HTML page:      https://secwatch.observer/filing/0000885550-24-000035

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