{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-25-000023","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2025-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.678555+00:00","generated_at":"2026-05-26T00:49:47.995077+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Credit Acceptance closes $500M 6.625% senior notes due 2030, redeems all 2026 notes","bullets":["Issued $500M aggregate principal of 6.625% senior notes due 2030 at 100% of par.","Net proceeds of approximately $492.9M after discounts and expenses.","Used portion of proceeds to redeem all outstanding 6.625% senior notes due 2026.","Interest payable semi-annually on March 15 and September 15, starting Sept 2025.","Notes guaranteed by two subsidiaries; covenants limit additional debt, dividends, investments."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-25-000023","json":"https://secwatch.observer/filing/0000885550-25-000023.json","markdown":"https://secwatch.observer/filing/0000885550-25-000023.md","text":"https://secwatch.observer/filing/0000885550-25-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000023/0000885550-25-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000023/cacc-20250228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T00:49:47.995077+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":[{"claim_id":"de2d4587f68226b46d4ad7754fcd6f4a11caca41","claim":"CREDIT ACCEPTANCE CORP incurred senior notes of $500.0 million with U.S. Bank Trust Company, National Association at 6.625% maturing March 15, 2030.","evidence_excerpt":"On February 28, 2025, Credit Acceptance Corporation (referred to as the “Company,” “we,” “our,” or “us”) issued $500.0 million aggregate principal amount of 6.625% Senior Notes due 2030 (the “notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000023/0000885550-25-000023-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.625%"},{"label":"Maturity","value":"March 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}