{"filing":{"accession_number":"0000885550-26-000195","cik":"0000885550","ticker":"CACC","company_name":"CREDIT ACCEPTANCE CORP","form":"8-K","filing_date":"2026-09-21","report_date":"2026-09-15","primary_document":"cacc-20260915.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/885550/000088555026000195/cacc-20260915.htm"},"events":[{"id":33964,"run_id":31266,"accession_number":"0000885550-26-000195","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.82,"summary":"Credit Acceptance extended and amended two material debt facilities: a $500 million revolving secured warehouse facility (extended from September 2027 to September 2028 with interest rate decreased from SOFR+185bp to SOFR+175bp) and a $500 million asset-backed non-recourse secured financing (extended from September 2026 to September 2028 with interest rate increased from 5.43% to 5.83%). These material amendments to existing direct financial obligations extend maturities and adjust pricing terms, affecting the company's capital structure and financing costs.","company_name":"CREDIT ACCEPTANCE CORP","ticker":"CACC","filing_date":"2026-09-21","form":"8-K","submitted_at":null,"items":[{"id":37565,"accession_number":"0000885550-26-000195","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Credit Acceptance extended two material debt facilities: a $500 million revolving secured warehouse facility (extended from September 2027 to September 2028, with interest rate decreased from SOFR+185bp to SOFR+175bp) and a $500 million asset-backed non-recourse secured financing (extended from September 2026 to September 2028, with interest rate increased from 5.43% to 5.83%). While technically amendments to existing obligations rather than new issuances, these extensions materially modify the terms and duration of direct financial obligations and are disclosed under Item 1.01 as material definitive agreements, warranting classification as debt-related activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T20:04:55.926942+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37566,"accession_number":"0000885550-26-000195","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses amendments to two existing secured financing arrangements: (1) extension of the Term ABS 2019-2 $500 million asset-backed financing from September 15, 2026 to September 15, 2028 with an interest rate increase from 5.43% to 5.83%, and (2) extension of Warehouse Facility II from September 20, 2027 to September 15, 2028 with an interest rate decrease from SOFR+185bps to SOFR+175bps. While these are amendments to existing obligations rather than new issuances, they represent material modifications to direct financial obligations that extend the maturity and adjust pricing terms, which falls within the debt_issuance category's scope of \"entry into or amendment of a credit facility.\" The $180 million outstanding balance and multi-year extension make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T20:04:55.926942+00:00","company_name":"","ticker":null,"filing_date":""},{"id":37567,"accession_number":"0000885550-26-000195","item_number":"8.01","item_title":"Other Events.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.72,"reasoning":"The filing discloses amendments to two material debt facilities: extension of a $500 million revolving secured warehouse facility from September 2027 to September 2028 with a rate reduction (SOFR+185bp to SOFR+175bp), and extension of a $500 million asset-backed non-recourse financing (Term ABS 2019-2) from September 2026 to September 2028 with a rate increase (5.43% to 5.83%). While these are amendments to existing obligations rather than new issuances, they represent material modifications to direct financial obligations that would affect investor assessment of the company's capital structure and financing costs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T20:04:55.926942+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":37565,"accession_number":"0000885550-26-000195","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Credit Acceptance extended two material debt facilities: a $500 million revolving secured warehouse facility (extended from September 2027 to September 2028, with interest rate decreased from SOFR+185bp to SOFR+175bp) and a $500 million asset-backed non-recourse secured financing (extended from September 2026 to September 2028, with interest rate increased from 5.43% to 5.83%). While technically amendments to existing obligations rather than new issuances, these extensions materially modify the terms and duration of direct financial obligations and are disclosed under Item 1.01 as material definitive agreements, warranting classification as debt-related activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T20:04:55.926942+00:00","company_name":"CREDIT ACCEPTANCE CORP","ticker":"CACC","filing_date":"2026-09-21"},{"id":37566,"accession_number":"0000885550-26-000195","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses amendments to two existing secured financing arrangements: (1) extension of the Term ABS 2019-2 $500 million asset-backed financing from September 15, 2026 to September 15, 2028 with an interest rate increase from 5.43% to 5.83%, and (2) extension of Warehouse Facility II from September 20, 2027 to September 15, 2028 with an interest rate decrease from SOFR+185bps to SOFR+175bps. While these are amendments to existing obligations rather than new issuances, they represent material modifications to direct financial obligations that extend the maturity and adjust pricing terms, which falls within the debt_issuance category's scope of \"entry into or amendment of a credit facility.\" The $180 million outstanding balance and multi-year extension make this material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T20:04:55.926942+00:00","company_name":"CREDIT ACCEPTANCE CORP","ticker":"CACC","filing_date":"2026-09-21"},{"id":37567,"accession_number":"0000885550-26-000195","item_number":"8.01","item_title":"Other Events.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.72,"reasoning":"The filing discloses amendments to two material debt facilities: extension of a $500 million revolving secured warehouse facility from September 2027 to September 2028 with a rate reduction (SOFR+185bp to SOFR+175bp), and extension of a $500 million asset-backed non-recourse financing (Term ABS 2019-2) from September 2026 to September 2028 with a rate increase (5.43% to 5.83%). While these are amendments to existing obligations rather than new issuances, they represent material modifications to direct financial obligations that would affect investor assessment of the company's capital structure and financing costs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-21T20:04:55.926942+00:00","company_name":"CREDIT ACCEPTANCE CORP","ticker":"CACC","filing_date":"2026-09-21"}]}