Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CARMAX INC incurred term loan of $500,000,000 with MUFG Bank, Ltd. at Daily SOFR rate or a Base Rate, plus an applicable margin maturing June 15, 2029.
- Instrument
- term loan
- Principal
- $500,000,000
- Counterparty
- MUFG Bank, Ltd.
- Rate
- Daily SOFR rate or a Base Rate, plus an applicable margin
- Maturity
- June 15, 2029
- Event
- incurrence
Exact text from the filing
On June 15, 2026, CarMax, Inc. (the “Company”) and CarMax Auto Superstores, Inc. (“CASI” or the “Borrower”) entered into a term loan credit agreement (the “Credit Agreement”) with MUFG Bank, Ltd. (“MUFG”), as lender and as administrative agent, and the other lenders party thereto. The Credit Agreement provides for a term loan facility under which the Borrower has borrowed term loans in an aggregate principal amount of $500,000,000 (the “Term Loan Facility”).
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CARMAX INC reported first quarter ended May 31, 2026 results: revenue $8.0 billion, EPS $1.31.
- Period
- first quarter ended May 31, 2026
- Revenue
- $8.0 billion
- EPS
- $1.31
- Result
- reported results
Exact text from the filing
strategic framework with the objective of delivering strong unit and earnings growth that enables CarMax to consistently reward shareholders. • Net revenues rose 6.2% to $8.0 billion. • Combined retail and wholesale unit sales of 392,357, an increase of 3.3%. • Retail used unit sales increased slightly and comparable store used unit sales declined 0.8%; gross
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