secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001171843-23-004447
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 closes $360.3M auto loan securitization; 7.97%/9.85% notes
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- Issued $271.6M Class A (7.97%) and $88.7M Class B (9.85%) notes via ACM Auto Trust 2023-2.
- Net proceeds of ~$356.4M to repay debt, provide operating liquidity, and fund reserve accounts.
- Notes mature June 20, 2030; monthly principal/interest payments start July 20, 2023.
- S&P ratings: Class A A(sf), Class B BBB(sf); credit enhancement via over-collateralization and reserves.
- Securitization collateralized by auto loans originated by America's Car-Mart subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184323004447/0001171843-23-004447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184323004447/f8k_071023.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004447

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