---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-24-000113"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:54:58.113650+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance closes $600M asset-backed securitization; notes bear 4.68-5.39% interest

## Summary
- Conveyed consumer loans valued at ~$750.2M to special-purpose trust.
- Notes: Class A $316.5M at 4.68%; Class B $121.7M at 4.85%; Class C $161.9M at 5.39%.
- Expected average annualized cost ~5.2% including fees; 24-month revolving period.
- Proceeds to repay outstanding debt and for general corporate purposes.
- Non-recourse to Credit Acceptance except for customary repurchase/indemnity obligations.

## SEC filing metadata
- accession: 0000885550-24-000113
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2024-10-02T23:59:59+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/885550/000088555024000113/0000885550-24-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555024000113/cacc-20240926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000113
- JSON: https://secwatch.observer/filing/0000885550-24-000113.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000113.txt

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