Credit Acceptance extends $500M ABS and warehouse facility to 2028, adjusts rates

CREDIT ACCEPTANCE CORP

Term ABS 2019-2 revolving period extended from Sep 15 2026 to Sep 15 2028; interest rate raised from 5.43% to 5.83%.
Warehouse Facility II amortization date extended from Sep 20 2027 to Sep 15 2028; rate cut from SOFR+185bps to SOFR+175bps.
$180.0 million outstanding under Warehouse Facility II as of September 15, 2026.
No other material changes to either facility; amendments executed with Wells Fargo Bank.

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