---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-000553"
form_type: "8-K"
ticker: "CRMT"
cik: "0000799850"
company_name: "AMERICAS CARMART INC"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:21:38.815169+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 completes $250M securitization of auto receivables

## Summary
- Issued $183.19M Class A notes at 7.71% and $66.81M Class B notes at 11.40% via ACM Auto Trust 2024-1.
- Net proceeds of ~$248.2M used to pay outstanding debt and fund reserve accounts.
- Notes mature January 21, 2031; monthly interest/principal payments begin Feb 20, 2024.
- S&P rated Class A notes 'A(sf)' and Class B notes 'BBB(sf)'.

## SEC filing metadata
- accession: 0001171843-24-000553
- form_type: 8-K
- ticker: CRMT
- cik: 0000799850
- company_name: AMERICAS CARMART INC
- filed_at: 2024-02-02T23:59:59+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/799850/000117184324000553/0001171843-24-000553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184324000553/f8k_020224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-000553
- JSON: https://secwatch.observer/filing/0001171843-24-000553.json
- Plain text: https://secwatch.observer/filing/0001171843-24-000553.txt

## Key facts
- Debt Financings
  AMERICAS CARMART INC incurred senior notes of $183,190,000 aggregate principal amount with BMO Capital Markets Corp., MUFG Securities Americas Inc., and SMBC Nikko Securities America, Inc., as initial purchasers at 7.71% maturing January 21, 2031.
  - Instrument: senior notes
  - Principal: $183,190,000 aggregate principal amount
  - Counterparty: BMO Capital Markets Corp., MUFG Securities Americas Inc., and SMBC Nikko Securities America, Inc., as initial purchasers
  - Rate: 7.71%
  - Maturity: January 21, 2031
  - Event: incurrence
  source text: On January 31, 2024, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction (the “Securitization Transaction”), which involved the issuance and sale in a private offering of $183,190,000 aggregate principal amount of 7.71% Class A Asset Backed Notes (the “Class A Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324000553/0001171843-24-000553-index.htm
- Debt Financings
  AMERICAS CARMART INC incurred senior notes of $66,810,000 aggregate principal amount with BMO Capital Markets Corp., MUFG Securities Americas Inc., and SMBC Nikko Securities America, Inc., as initial purchasers at 11.40% maturing January 21, 2031.
  - Instrument: senior notes
  - Principal: $66,810,000 aggregate principal amount
  - Counterparty: BMO Capital Markets Corp., MUFG Securities Americas Inc., and SMBC Nikko Securities America, Inc., as initial purchasers
  - Rate: 11.40%
  - Maturity: January 21, 2031
  - Event: incurrence
  source text: $66,810,000 aggregate principal amount of 11.40% Class B Asset Backed Notes (the “Class B Notes” and, together with the Class A Notes, the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324000553/0001171843-24-000553-index.htm
- Material Agreements
  AMERICAS CARMART INC entered into Sale and Servicing Agreement with Wilmington Trust, National Association (effective 2024-01-31).
  - Action: entry
  - Counterparty: Wilmington Trust, National Association
  - Effective: 2024-01-31
  source text: The Receivables were then sold by the Depositor to the Issuer pursuant to a Sale and Servicing Agreement, dated January 31, 2024, by and between the Depositor, the Issuer, America’s Car Mart, Inc., as servicer (the “Servicer”), and Wilmington Trust, National Association, as trustee (the “Trustee”) (the “Sale and Servicing Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324000553/0001171843-24-000553-index.htm
- Material Agreements
  AMERICAS CARMART INC entered into Indenture with Wilmington Trust, National Association valued at $183,190,000 aggregate principal amount of 7.71% Class A Asset Backed Notes and $66,810,000 aggregat (effective 2024-01-31).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $183,190,000 aggregate principal amount of 7.71% Class A Asset Backed Notes and $66,810,000 aggregat
  - Effective: 2024-01-31
  source text: The Notes were issued pursuant to an Indenture, dated January 31, 2024, by and between the Issuer and the Trustee (the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324000553/0001171843-24-000553-index.htm
- Material Agreements
  AMERICAS CARMART INC entered into Purchase Agreement with Colonial Auto Finance, Inc. (effective 2024-01-31).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Colonial Auto Finance, Inc.
  - Effective: 2024-01-31
  source text: To execute the Securitization Transaction, Colonial Auto Finance, Inc., a wholly-owned subsidiary of the Company (the “Seller”), sold or conveyed certain customer receivable contracts (the “Receivables”) (loans made to finance customer purchases of used vehicles from the Company’s subsidiaries) to ACM Funding, LLC, an indirect wholly-owned subsidiary of the Company (the “Depositor”), pursuant to a Purchase Agreement, dated as of January 31, 2024, by and between the Seller and the Depositor (the “Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324000553/0001171843-24-000553-index.htm

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