---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-24-000147"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:57:43.594194+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance closes $300M asset-backed financing; notes priced 5.79%-6.67%

## Summary
- Conveyed $375.1M in consumer loans to SPE, issued three note classes totaling $300M.
- Class A ($139.2M, 5.79%), Class B ($62.2M, 6.03%), Class C ($98.6M, 6.67%).
- Expected average annualized cost ~6.3% including fees; 36-month revolving period then amortizes.
- Proceeds to repay outstanding indebtedness and for general corporate purposes.
- 4% of cash flows retained for servicing; structure preserves dealer holdback rights.

## SEC filing metadata
- accession: 0000885550-24-000147
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555024000147/0000885550-24-000147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555024000147/cacc-20241220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-24-000147
- JSON: https://secwatch.observer/filing/0000885550-24-000147.json
- Plain text: https://secwatch.observer/filing/0000885550-24-000147.txt

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