Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Credit Acceptance (CACC)

Credit Acceptance extends two financing facilities to September 2028, raises Term ABS rate

Mixed Impact 2 of 5 financing Written later

Credit Acceptance extended its $500.0 million Term ABS 2019-2 financing and its warehouse facility, both now running to September 15, 2028. The Term ABS rate rose from 5.43% to 5.83%, while the warehouse facility rate fell from SOFR plus 185 basis points to SOFR plus 175 basis points. The filing describes these as routine financing amendments with no other material changes, and it does not address earnings or guidance.

Key points

  • Term ABS 2019-2 ($500.0 million) revolving period extended from September 15, 2026 to September 15, 2028; interest rate increased from 5.43% to 5.83%
  • Warehouse Facility II amortization date extended from September 20, 2027 to September 15, 2028; rate cut from SOFR plus 185 to SOFR plus 175 basis points
  • $180.0 million outstanding under Warehouse Facility II as of September 15, 2026

The filing

CompanyCredit Acceptance (CACC)
Form8-K, current report
Filed with the SECSep 21, 2026, 4:02 PM ET
Accession number0000885550-26-000195

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits 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 September 21, 2026.

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