{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-26-000004","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.917030+00:00","generated_at":"2026-05-16T09:41:47.945389+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Credit Acceptance extends $100M Term ABS 2021-1 to Jan 2028, reduces rate by 80bps","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-26-000004","json":"https://secwatch.observer/filing/0000885550-26-000004.json","markdown":"https://secwatch.observer/filing/0000885550-26-000004.md","text":"https://secwatch.observer/filing/0000885550-26-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555026000004/0000885550-26-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555026000004/cacc-20260115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:41:47.945389+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":"83d223f661d1a0b2ba8b2077600caf40754402c2","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555026000004/0000885550-26-000004-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Fifth Third Bank, National Association"},{"label":"Effective","value":"2026-01-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}