secwatch.observer — SEC 8-K summary
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Issuer:     COPART INC (CPRT)
CIK:        0000900075
Form:       8-K
Filed at:   2021-12-27T23:59:59+00:00
Accession:  0000900075-21-000043
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/900075/000090007521000043/0000900075-21-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/900075/000090007521000043/cprt-20211221.htm
  HTML page:      https://secwatch.observer/filing/0000900075-21-000043

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