CREDIT ACCEPTANCE CORP
Extracted from this filing and checked against the source text.
CREDIT ACCEPTANCE CORP amended revolving credit of $300.0 million with Bank of Montreal at Secured Overnight Financing Rate ("SOFR") plus 205 basis points maturing July 30, 2028.
On July 30, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into the Sixth Amendment to the Amended and Restated Loan and Security Agreement ("Warehouse Amendment"), dated as of July 30, 2025, among the Company, CAC Warehouse Funding LLC IV, Bank of Montreal, BMO Capital Markets Corp, and Computershare Trust Company, N.A. The Warehouse Amendment extends the date on which our $300.0 million revolving secured warehouse facility will cease to revolve from December 29, 2026 to July 30, 2028. The interest rate on borrowings under the facility has been decreased from the Secured Overnight Financing Rate (“SOFR”) plus 221.4 basis points to SOFR plus 205 basis points.View on SEC.gov
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