---
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"
generated_at: "2026-05-17T05:51:06.766548+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance extends $200M warehouse facility to Sep 2028, cuts spread by 40 bps

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000105
- JSON: https://secwatch.observer/filing/0000885550-25-000105.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000105.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555025000105/0000885550-25-000105-index.htm

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