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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(RULE 14d-100)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
CREDIT ACCEPTANCE CORPORATION
(Name of Subject Company (Issuer))
CREDIT ACCEPTANCE CORPORATION
(Name of Filing Person (Offeror))
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class Securities)
225310-10-1
(CUSIP Number of Class of Securities)
CHARLES A. PEARCE
CHIEF LEGAL OFFICER
CREDIT ACCEPTANCE CORPORATION
25505 WEST TWELVE MILE ROAD, SUITE 3000
SOUTHFIELD, MI 48034-8339
(248) 353-2700
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
WITH A COPY TO:
MARK A. METZ, ESQ.
DYKEMA GOSSETT PLLC
400 RENAISSANCE CENTER
DETROIT, MI 48243
(313) 568-6800
CALCULATION OF FILING FEE
TRANSACTION VALUATION* $ 125,000,000
AMOUNT OF FILING FEE** $ 13,375
* Estimated for purposes of calculating the amount of the filing fee only. The
amount assumes the purchase of a total of 5,000,000 shares of the
outstanding common stock at a price of $25.00 per share in cash.
** The amount of the filing fee equals $107.00 per $1 million of the
transaction value and is estimated in accordance with Rule 0-11 under the
Securities Exchange Act of 1934.
|X| Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: $13,375
Form or Registration No.: Schedule TO
Filing Party: Credit Acceptance Corporation
Date Filed: February 10, 2006
[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[ ] third-party tender offer subject to Rule 14d-1.
|X| issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]
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This Amendment No. 1 amends and supplements the Tender Offer Statement on
Schedule TO filed with the Securities and Exchange Commission ("SEC") on
February 10, 2006 ("Schedule TO") by Credit Acceptance Corporation, a Michigan
corporation ("CA"), in connection with the offer by CA to purchase up to
5,000,000 shares of its Common Stock, par value $.01 per share (the "Shares"),
at a price between $21.00 and $25.00 per Share, net to the seller in cash,
without interest, upon and subject to the terms and conditions set forth in the
Offer to Purchase, dated February 10, 2006 (the "Offer to Purchase"), and the
related Letter of Transmittal (the "Letter of Transmittal"), which together, as
each may be amended or supplemented from time to time, constitute the "Offer"
and which are appended to and filed with the Schedule TO as Exhibits (a)(1)(i)
and (a)(1)(ii), respectively.
Except as expressly set forth in this Amendment No. 1, all other terms of
the Tender Offer Statement remain unchanged.
ITEM 12. EXHIBITS.
Item 12 is hereby amended and supplemented to add the following:
EXHIBIT NUMBER DESCRIPTION
(a)(5)(vii) Press release dated February 16, 2006 announcing expansion of
warehouse credit facility (incorporated by reference to CA's
Form 8-K dated February 16, 2006).
(b)(i) Fourth Amended and Restated Credit Agreement, dated as of
February 7, 2006, among CA, Comerica Bank, as Administrative
Agent and Collateral Agent, and the banks signatory thereto
(incorporated by reference to CA's Form 8-K/A dated February
15, 2006).
(b)(vii) First Amended and Restated Loan and Security Agreement, dated
February 15, 2006, between the Company, CAC Warehouse Funding
Corporation II, Wachovia Bank, National Association, JPMorgan
Chase Bank, N.A., Variable Funding Capital Corporation,
Wachovia Capital Markets, LLC, and Systems & Services
Technologies, Inc., as amended, and agreements related
thereto (incorporated by reference to CA's Form 8-K dated
February 16, 2006).
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SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
CREDIT ACCEPTANCE CORPORATION
BY: /s/ DOUGLAS W. BUSK
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Douglas W. Busk
Treasurer
Dated: February 16, 2006
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