Credit Acceptance extends $100M Term ABS 2021-1 to Jan 2028, reduces rate by 80bps

CREDIT ACCEPTANCE CORP

Revolving period extended from Feb 17, 2026 to Jan 18, 2028.
Interest rate cut from SOFR+220bps to SOFR+140bps.
No other material changes to the $100M non-recourse secured facility.
Amendment with Fifth Third Bank and affiliates executed Jan 15, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CREDIT ACCEPTANCE CORP amended Sixth Amendment to the Loan and Security Agreement and First Amendment to the Backup Servicing Agreement with Fifth Third Bank, National Association (effective 2026-01-15).

Action: amendment
Agreement: credit facility
Counterparty: Fifth Third Bank, National Association
Effective: 2026-01-15

Exact text from the filing

On January 15, 2026, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) and Credit Acceptance Funding LLC 2021-1 entered into the Sixth Amendment to the Loan and Security Agreement and the First Amendment to the Backup Servicing Agreement (the “Amendments”) with Fifth Third Bank, National Association, extending the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 and to which we refer as Term ABS 2021-1.

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CREDIT ACCEPTANCE CORP filing history →

Source: SEC EDGAR

accession 0000885550-26-000004

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