{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-24-000079","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.299986+00:00","generated_at":"2026-06-01T02:02:23.703366+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Credit Acceptance closes $550M ABS financing, upsizes existing facility by $100M","bullets":["Completed $550M non-recourse secured ABS (Term ABS 2024-2) with 3 note classes: A $272.4M (5.95%), B $110.3M (6.11%), C $167.3M (6.70%); expected cost ~6.5%.","Conveyed loans of ~$687.7M into trust; 24-month revolving period then amortizes based on loan cash flows.","Increased Term ABS 2022-2 from $200M to $300M and extended its revolving period from Dec 2025 to June 2027.","Proceeds will repay outstanding debt and fund general corporate purposes; financing is non-recourse to Credit Acceptance (limited exceptions)."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-24-000079","json":"https://secwatch.observer/filing/0000885550-24-000079.json","markdown":"https://secwatch.observer/filing/0000885550-24-000079.md","text":"https://secwatch.observer/filing/0000885550-24-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000079/0000885550-24-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555024000079/cacc-20240620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T02:02:23.703366+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}