secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2026-09-21T20:02:03+00:00
Accession:  0000885550-26-000195
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000195/0000885550-26-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000195/cacc-20260915.htm
  HTML page:      https://secwatch.observer/filing/0000885550-26-000195

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