---
schema_version: "secwatch.filing_event.v1"
accession: "0000900075-21-000043"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2021-12-27T23:59:59+00:00"
generated_at: "2026-06-27T22:27:53.575758+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000900075-21-000043
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2021-12-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000090007521000043/0000900075-21-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000090007521000043/cprt-20211221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000900075-21-000043
- JSON: https://secwatch.observer/filing/0000900075-21-000043.json
- Plain text: https://secwatch.observer/filing/0000900075-21-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.