CREDIT ACCEPTANCE CORP (CACC): debt financing — Credit Acceptance extends $200M warehouse facility to Sep 2028, cuts spread by 40 bps

CREDIT ACCEPTANCE CORP

Revolving secured warehouse facility extended from Sep 2026 to Sep 2028.
Interest rate reduced from SOFR+225 bps to SOFR+185 bps.
Facility size remains $200.0 million; no balance outstanding as of Sep 19, 2025.
No other material changes to the facility terms.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CREDIT ACCEPTANCE CORP amended revolving credit of $200.0 million with Citizens Bank, N.A. at SOFR plus 185 basis points maturing September 19, 2028.

Instrument: revolving credit
Principal: $200.0 million
Counterparty: Citizens Bank, N.A.
Rate: SOFR plus 185 basis points
Maturity: September 19, 2028
Event: amendment

Exact text from the filing

extends the date on which our $200.0 million revolving secured warehouse facility will cease to revolve from September 21, 2026 to September 19, 2028. The interest rate on borrowings under the facility has been decreased from the Secured Overnight Financing Rate (“SOFR”) plus 225 basis points to SOFR plus 185 basis points.

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Source: SEC EDGAR

accession 0000885550-25-000105

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