secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2025-09-24T23:59:59+00:00
Accession:  0000885550-25-000105
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000105/0000885550-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000105/cacc-20250919.htm
  HTML page:      https://secwatch.observer/filing/0000885550-25-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer