secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001171843-24-005593
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

America's Car-Mart closes $300M securitization; weighted avg coupon 7.44%
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- Issued $228.2M Class A Notes (6.06%) and $71.8M Class B Notes (9.21%).
- Advance rate of 59.15% on $507.2M of receivables backing the notes.
- Net proceeds ~$297.9M used to repay debt and fund reserve accounts.
- Weighted average coupon improved by 198 bps vs Jan 2024 securitization.
- Notes mature Feb 2029 (Class A) and Aug 2031 (Class B); rated A(sf)/BBB(sf) by S&P.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184324005593/0001171843-24-005593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184324005593/f8k_101024.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005593

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer