Car-Mart reduces revolver by $20M to $320M, tightens covenants, restricts buybacks

AMERICAS CARMART INC

Line of credit reduced by $20M to $320M; minimum $20M availability required after Oct 15 (or $50M if borrowings >= $300M).
Must use proceeds of any $50M+ junior capital raise to pay down revolver; if not completed by Oct 31, pay 0.10% fee.
Amended fixed charge coverage ratio covenant with rising minimums (e.g., 1.10x for periods ending after Aug 2025).
Company restricted from future common stock repurchases; additional restrictions on other shareholder distributions.
Must engage a financial advisor acceptable to lenders within 14 days; also required to implement full cash dominion.

Machine-readable event card

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accession: 0001171843-24-005243
form_type: 8-K
ticker: CRMT
cik: 0000799850
company_name: AMERICAS CARMART INC
filed_at: 2024-09-18T23:59:59+00:00
discovered_at: 2026-05-14T18:03:15.922946+00:00
generated_at: 2026-05-31T04:07:04.015522+00:00
sec_items: ["1.01", "2.03", "8.01", "9.01"]
event_type: debt
sentiment: negative
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: high
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superseded_by: null

AVAT secures $25M open loan at 7% from FalconX; Q1 net loss $139K, going concern doubt

Avalanche Treasury Corp May 29, 2026, 4:22 PM ET debt Items 1.01, 2.03, 8.01, 9.01

same SEC item: 1.01, 2.03, 8.01, 9.01 same event type: debt similar materiality

SST

System1 exchanges $302.6M debt for $150M term loan, $39.3M preferred stock, and cash

System1, Inc. June 1, 2026, 9:00 AM ET debt Items 1.01, 2.03, 3.02, 7.01, 9.01