---
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"
generated_at: "2026-05-26T00:49:47.995077+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance closes $500M 6.625% senior notes due 2030, redeems all 2026 notes

## Summary
- 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.

## SEC filing metadata
- 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
- 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/885550/000088555025000023/0000885550-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555025000023/cacc-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000023
- JSON: https://secwatch.observer/filing/0000885550-25-000023.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000023.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $500.0 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 6.625%
  - Maturity: March 15, 2030
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555025000023/0000885550-25-000023-index.htm

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