{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-25-000105","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2025-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.584498+00:00","generated_at":"2026-05-17T05:51:06.766548+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Credit Acceptance extends $200M warehouse facility to Sep 2028, cuts spread by 40 bps","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-25-000105","json":"https://secwatch.observer/filing/0000885550-25-000105.json","markdown":"https://secwatch.observer/filing/0000885550-25-000105.md","text":"https://secwatch.observer/filing/0000885550-25-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000105/0000885550-25-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000105/cacc-20250919.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:51:06.766548+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f05831a5a8bb3acfec7fe3e08489d3656718afaf","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000105/0000885550-25-000105-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"Citizens Bank, N.A."},{"label":"Rate","value":"SOFR plus 185 basis points"},{"label":"Maturity","value":"September 19, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}