---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-25-000088"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2025-08-04T23:59:59+00:00"
generated_at: "2026-05-17T21:41:39.631668+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance extends $300M warehouse facility to 2028, reduces spread by 16.4 bps

## Summary
- Revolving period extended from December 29, 2026 to July 30, 2028.
- Interest rate reduced from SOFR+221.4 bps to SOFR+205 bps.
- No balance outstanding under the facility as of July 30, 2025.
- No other material changes to the facility's terms.

## SEC filing metadata
- accession: 0000885550-25-000088
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2025-08-04T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555025000088/0000885550-25-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555025000088/cacc-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000088
- JSON: https://secwatch.observer/filing/0000885550-25-000088.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000088.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $300.0 million
  - Counterparty: Bank of Montreal
  - Rate: Secured Overnight Financing Rate ("SOFR") plus 205 basis points
  - Maturity: July 30, 2028
  - Event: amendment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555025000088/0000885550-25-000088-index.htm

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