Financing ·
Credit Acceptance Corporation entered into the Fifteenth Amendment to the Sixth Amended and Restated Credit Agreement…
CACCCredit Acceptance Corp
Credit Acceptance Corporation entered into the Fifteenth Amendment to the Sixth Amended and Restated Credit Agreement on June 9, 2026, extending the revolving secured line of credit facility's expiration-to-revolve date from June 22, 2028, to June 22, 2029. The amendment also decreased the margin-to-SOFR interest rate from SOFR plus 197.5 basis points to SOFR plus 175.0 basis points. As of June 9, 2026, the company had $270.5 million outstanding under the facility. Credit Acceptance Corporation is a provider of indirect auto finance for indirect auto lenders.