{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-001193","form_type":"8-K","ticker":"CRMT","cik":"0000799850","company_name":"AMERICAS CARMART INC","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.955848+00:00","generated_at":"2026-06-05T04:25:53.760265+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"America's Car-Mart amends credit facility: reduces capacity to $340M, extends to Sep 2025, adds tighter covenants","bullets":["Total credit facility reduced from $600M to $340M; accordion feature restored to $100M.","Term extended to September 30, 2025; unused line fee rises to 0.50% if borrowings <50% of commitments.","New fixed charge coverage ratio: 1.00x through Aug 2024, 1.15x Sep-Dec 2024, 1.25x from Jan 2025.","Eligible vehicle inventory purchase limit raised to $20K for cars, $30K for trucks; acquisition cap increased to $20M/year.","Wells Fargo and CIBC Bank USA exited; BMO Harris ($88M) and Axos Bank ($84M) are new lead lenders."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-001193","json":"https://secwatch.observer/filing/0001171843-24-001193.json","markdown":"https://secwatch.observer/filing/0001171843-24-001193.md","text":"https://secwatch.observer/filing/0001171843-24-001193.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/799850/000117184324001193/0001171843-24-001193-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/799850/000117184324001193/f8k_030524.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:25:53.760265+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e96ec8675e427fcf94d278c9a77c429cb0ffabf","claim":"AMERICAS CARMART INC amended credit facility of $340 million with group of lenders comprising BMO Harris Bank N.A., Axos Bank, BOKF, NA, MUFG Union Bank, N.A., First Horizon Bank, Commerce Bank, Arvest Bank at 1.0% plus base rate for base rate revolver loans and 3.5% plus adjusted Term SOF maturing September 30, 2025.","evidence_excerpt":"Amendment No. 6 to the Agreement (the “Amendment”) extends the term of the Company’s revolving credit facilities to September 30, 2025 and reduces the total permitted borrowings from $600 million to $340 million, including a reduction in the Colonial revolving line of credit from $570 million to $310 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184324001193/0001171843-24-001193-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$340 million"},{"label":"Counterparty","value":"group of lenders comprising BMO Harris Bank N.A., Axos Bank, BOKF, NA, MUFG Union Bank, N.A., First Horizon Bank, Commerce Bank, Arvest Bank"},{"label":"Rate","value":"1.0% plus base rate for base rate revolver loans and 3.5% plus adjusted Term SOF"},{"label":"Maturity","value":"September 30, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"23d04238190af23664f7b1aa47db27321c739243","claim":"AMERICAS CARMART INC amended Amendment No. 6 to the Third Amended and Restated Loan and Security Agreement with a group of lenders valued at reduces the total permitted borrowings from $600 million to $340 million (effective 2024-02-28).","evidence_excerpt":"On February 28, 2024, 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. 6 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, April 22, 2022 and February 22, 2023.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184324001193/0001171843-24-001193-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a group of lenders"},{"label":"Value","value":"reduces the total permitted borrowings from $600 million to $340 million"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}