CREDIT ACCEPTANCE CORP (CACC): debt financing — CACC completes $500M asset-backed financing, its 60th term securitization

CREDIT ACCEPTANCE CORP

Issued $500M in three classes of ABS notes: A ($284.6M, 4.50%), B ($104.6M, 4.87%), C ($110.8M, 5.38%).
Expected average annualized cost of ~5.1% including upfront fees; revolver for 24 months, then amortizes.
Proceeds used to repay higher-cost debt and for general corporate purposes.
Company maintains ~$2.0B in unused borrowing capacity and unrestricted cash after closing.
Treasurer Jay Brinkley noted this is the lowest-cost ABS transaction since late 2021.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

CREDIT ACCEPTANCE CORP incurred debt of $500,000,000 with Credit Acceptance Auto Loan Trust 2025-2 at expected average annualized cost of approximately 5.1% maturing revolve for 24 months after which it will amortize based upon the cash flows on the conveyed loans.

Principal: $500,000,000
Counterparty: Credit Acceptance Auto Loan Trust 2025-2
Rate: expected average annualized cost of approximately 5.1%
Maturity: revolve for 24 months after which it will amortize based upon the cash flows on the conveyed loans
Event: incurrence

Exact text from the filing

On November 13, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into a $500.0 million asset-backed non-recourse secured financing (the “Financing”).

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312 debt financings filed in the last 30 days. Browse all debt financings →

CREDIT ACCEPTANCE CORP filing history →

Source: SEC EDGAR

accession 0000885550-25-000131

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