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AI brief of an SEC Form 8-K · Credit Acceptance (CACC)

Credit Acceptance extends $100.0 million Term ABS 2021-1 to January 18, 2028

Positive Impact 2 of 5 financing Written later

Credit Acceptance and its subsidiary Credit Acceptance Funding LLC 2021-1 amended the $100.0 million asset-backed non-recourse financing with Fifth Third Bank, National Association, on January 15, 2026. The revolving period now ends January 18, 2028 instead of February 17, 2026, and the interest rate fell from SOFR plus 220 basis points to SOFR plus 140 basis points, with no other material changes to the terms.

Key points

  • Revolving period extended from February 17, 2026 to January 18, 2028
  • Interest rate reduced from SOFR plus 220 basis points to SOFR plus 140 basis points
  • Financing is $100.0 million, originally entered into on January 29, 2021
  • Amendments dated January 15, 2026 with Fifth Third Bank, National Association

The filing

CompanyCredit Acceptance (CACC)
Form8-K, current report
Filed with the SECJan 20, 2026, 4:05 PM ET
Accession number0000885550-26-000004

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.