---
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"
generated_at: "2026-05-16T09:41:47.945389+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-26-000004
- JSON: https://secwatch.observer/filing/0000885550-26-000004.json
- Plain text: https://secwatch.observer/filing/0000885550-26-000004.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885550/000088555026000004/0000885550-26-000004-index.htm

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