Credit Acceptance Corp. Enters Material Definitive Agreement

Ticker: CACC · Form: 8-K · Filed: 2025-07-16T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, credit-agreement, financial-obligation

TL;DR

CAC just signed a big new credit deal, locking in financing.

AI Summary

On July 11, 2025, Credit Acceptance Corp. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the registrant. The company, incorporated in Michigan with its principal executive offices at 25505 West Twelve Mile Road, Southfield, Michigan, filed this 8-K report on July 16, 2025.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Credit Acceptance Corp., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into new financial agreements, especially credit agreements, can introduce new financial obligations and risks related to debt management and interest rate fluctuations.

Key Players & Entities

Credit Acceptance Corp. (company) — Registrant
July 11, 2025 (date) — Date of earliest event reported
July 16, 2025 (date) — Date of report filing
25505 West Twelve Mile Road, Southfield, Michigan (location) — Principal executive offices address

FAQ

What type of material definitive agreement did Credit Acceptance Corp. enter into?

The filing indicates the entry into a credit agreement, which constitutes a material definitive agreement and creates a direct financial obligation for the registrant.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on July 11, 2025.

When did Credit Acceptance Corp. file this 8-K report?

Credit Acceptance Corp. filed this 8-K report on July 16, 2025.

What is the principal executive office address for Credit Acceptance Corp.?

The principal executive office address is 25505 West Twelve Mile Road, Southfield, Michigan 48034-8339.

What is the SIC code for Credit Acceptance Corp.?

The Standard Industrial Classification (SIC) code for Credit Acceptance Corp. is 6141, which corresponds to Personal Credit Institutions.

From the Filing

0000885550-25-000079.txt : 20250716 0000885550-25-000079.hdr.sgml : 20250716 20250716160733 ACCESSION NUMBER: 0000885550-25-000079 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250711 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250716 DATE AS OF CHANGE: 20250716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT ACCEPTANCE CORP CENTRAL INDEX KEY: 0000885550 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] ORGANIZATION NAME: 02 Finance EIN: 381999511 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20202 FILM NUMBER: 251127476 BUSINESS ADDRESS: STREET 1: 25505 WEST TWELVE MILE ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034-8334 BUSINESS PHONE: 2483532700 MAIL ADDRESS: STREET 1: 25505 WEST TWELVE MILE ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48034-8334 FORMER COMPANY: FORMER CONFORMED NAME: CREDIT ACCEPTANCE CORPORATION DATE OF NAME CHANGE: 19930328 8-K 1 cacc-20250711.htm 8-K cacc-20250711 0000885550 false 0000885550 2025-07-11 2025-07-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):   July 11, 2025 CREDIT ACCEPTANCE CORP ORATION (Exact name of registrant as specified in its charter) Michigan 000-20202 38-1999511 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)    25505 West Twelve Mile Road Southfield, Michigan 48034-8339   (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code:   ( 248 ) 353-2700 Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $.01 par value CACC The Nasdaq Stock Market Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 1.01 Entry Into a Material Definitive Agreement. The information set forth below under Item 2.03 is hereby incorporated by reference into this Item 1.01. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On July 11, 2025, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) entered into the Seventh Amendment to the Loan and Security Agreement ("Warehouse Amendment"), dated as of July 1