Copart upsizes revolving credit facility to $1.25B, extends maturity to Dec 2026

COPART INC

Increased revolving credit commitments by $200M to $1.25B; maturity extended from July 2023 to December 21, 2026.
Added Copart UK, CPRT GmbH, and Copart Autos España as borrowers; facility now supports Pounds, Euro, and Canadian Dollars.
Replaced LIBOR with SOFR-based interest rate for USD borrowings; pricing based on net leverage ratio.
Intends to use increased capacity for general corporate purposes, including working capital, capex, potential share repurchases and acquisitions.

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