secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0000885550-26-000004
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000004/0000885550-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000004/cacc-20260115.htm
  HTML page:      https://secwatch.observer/filing/0000885550-26-000004

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