---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-25-000079"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:23:35.462290+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance extends $75M warehouse facility to 2028; lowers rate and servicing fee

## Summary
- Revolving period extended from Sept 30, 2026 to Sept 30, 2028 on $75M secured warehouse facility.
- Interest rate reduced from SOFR+210 bps to SOFR+185 bps; servicing fee cut from 6% to 4% of collections.
- No balance outstanding under the facility as of July 11, 2025.
- Amendment with Flagstar Bank; no other material changes to terms.

## SEC filing metadata
- accession: 0000885550-25-000079
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555025000079/0000885550-25-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555025000079/cacc-20250711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000079
- JSON: https://secwatch.observer/filing/0000885550-25-000079.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000079.txt

## Key facts
- Debt Financings
  CREDIT ACCEPTANCE CORP amended revolving credit of $75.0 million revolving secured warehouse facility with Flagstar Bank, N.A. at SOFR plus 185 basis points maturing September 30, 2028.
  - Instrument: revolving credit
  - Principal: $75.0 million revolving secured warehouse facility
  - Counterparty: Flagstar Bank, N.A.
  - Rate: SOFR plus 185 basis points
  - Maturity: September 30, 2028
  - Event: amendment
  source text: On July 11, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into the Seventh Amendment to the Loan and Security Agreement ("Warehouse Amendment"), dated as of July 11, 2025, among the Company, CAC Warehouse Funding LLC VI, and Flagstar Bank, N. A. The Warehouse Amendment extends the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2026 to September 30, 2028. The interest rate on borrowings under the facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 210 basis points to SOFR plus 185 basis points.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555025000079/0000885550-25-000079-index.htm

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