---
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"
generated_at: "2026-06-05T04:25:53.760265+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# America's Car-Mart amends credit facility: reduces capacity to $340M, extends to Sep 2025, adds tighter covenants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001193
- JSON: https://secwatch.observer/filing/0001171843-24-001193.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001193.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $340 million
  - Counterparty: 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
  - Rate: 1.0% plus base rate for base rate revolver loans and 3.5% plus adjusted Term SOF
  - Maturity: September 30, 2025
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324001193/0001171843-24-001193-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: a group of lenders
  - Value: reduces the total permitted borrowings from $600 million to $340 million
  - Effective: 2024-02-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/799850/000117184324001193/0001171843-24-001193-index.htm

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