---
schema_version: "secwatch.filing_event.v1"
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"
generated_at: "2026-05-31T04:07:04.015522+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799850/000117184324005243/0001171843-24-005243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184324005243/f8k_091724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-005243
- JSON: https://secwatch.observer/filing/0001171843-24-005243.json
- Plain text: https://secwatch.observer/filing/0001171843-24-005243.txt

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