secwatch.observer — SEC 8-K summary
======================================

Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0000885550-24-000142
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credit Acceptance expands warehouse facility to $250M, extends maturity, lowers rate
--------------------------------------------------------------------------------

- Facility increased from $200M to $250M; revolving period extended to Dec 2027, maturity to Dec 2029.
- Interest rate reduced from SOFR+245bps to SOFR+185bps.
- No outstanding balance on the facility as of December 5, 2024.
- Warehouse Amendment with Fifth Third Bank effective December 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000142/0000885550-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555024000142/cacc-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000885550-24-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer