secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2021-10-18T23:59:59+00:00
Accession:  0001170010-21-000182
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

CarMax enters $700M term loan due 2026 to repay revolver borrowings
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- Borrowed $700M under term loan facility maturing October 15, 2026.
- Proceeds used to pay down normal-course borrowings under $1.45B revolver and for general corporate purposes.
- Interest based on Eurodollar Reference Rate (LIBOR or successor) plus applicable margin, payable monthly.
- Obligations guaranteed by CarMax Inc. and certain subsidiaries.
- Company targets adjusted debt-to-total capital ratio of 35% to 45%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001021000182/0001170010-21-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001021000182/kmx-20211015.htm
  HTML page:      https://secwatch.observer/filing/0001170010-21-000182

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