secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001171843-23-001280
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184323001280/0001171843-23-001280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184323001280/f8k_022823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001280

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