---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-24-000111"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:13:21.699360+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance ups warehouse revolver to $500M, extends two debt facilities

## Summary
- Warehouse Facility II increased from $400M to $500M, maturity extended to Sept 20, 2027.
- Interest rate on Warehouse Facility II reduced from SOFR+230bps to SOFR+185bps.
- Term ABS 2019-2 ($500M) revolving period extended to Sept 15, 2026; rate raised from 5.15% to 5.43%.
- $201M outstanding under Warehouse Facility II as of Sept 19, 2024.
- Amendments involve Wells Fargo and Computershare as counterparties.

## SEC filing metadata
- accession: 0000885550-24-000111
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555024000111/0000885550-24-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555024000111/cacc-20240919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000111
- JSON: https://secwatch.observer/filing/0000885550-24-000111.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000111.txt

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