---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001280"
form_type: "8-K"
ticker: "CRMT"
cik: "0000799850"
company_name: "AMERICAS CARMART INC"
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T19:25:26.467964+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# America's Car-Mart amends credit facility to include contracts up to 72 months, waives prior borrowing trigger event

## Summary
- Amendment expands borrowing base to include vehicle contracts with original terms up to 72 months (previously max 60 months); contracts >60 months capped at 15% of eligible finance receivables.
- Lenders waive requirement to apply dominion account funds to borrowings during Nov 30, 2022 to Jan 31, 2023 trigger period when availability fell below 10% of revolver commitments.
- As of Jan 31, 2023, company had ~$148M additional availability under revolving credit facilities based on eligible finance receivables and inventory.
- Company paid $250,000 amendment fee to lenders for the amendment and waiver.

## SEC filing metadata
- accession: 0001171843-23-001280
- form_type: 8-K
- ticker: CRMT
- cik: 0000799850
- company_name: AMERICAS CARMART INC
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799850/000117184323001280/0001171843-23-001280-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184323001280/f8k_022823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001280
- JSON: https://secwatch.observer/filing/0001171843-23-001280.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001280.txt

## Key facts
- Material Agreements
  AMERICAS CARMART INC amended Amendment No. 5 to the Third Amended and Restated Loan and Security Agreement with a group of lenders (effective 2023-02-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: a group of lenders
  - Effective: 2023-02-22
  source text: On February 22, 2023, America’s Car-Mart, Inc., a Texas corporation (the “Company”), and its subsidiaries, Colonial Auto Finance, Inc., an Arkansas corporation (“Colonial”), America’s Car Mart Inc., an Arkansas corporation (“ACM”), and Texas Car-Mart, Inc., a Texas corporation (“TCM” and collectively with Colonial and ACM, the “Borrowers”), entered into Amendment No. 5 to the Third Amended and Restated Loan and Security Agreement (“Agreement”), dated as of September 30, 2019, by and among the Company, Colonial, ACM, TCM and a group of lenders, as previously amended on October 29, 2020, February 10, 2021, September 29, 2021, and April 22, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323001280/0001171843-23-001280-index.htm

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