AMERICAS CARMART INC (CRMT): debt financing — America's Car-Mart completes $200M securitization at 6.49% weighted avg coupon, 95 bps improvement

AMERICAS CARMART INC

$150.77M Class A notes at 5.38% and $49.23M Class B notes at 7.87%; weighted average coupon 6.49%.
Weighted avg coupon improved 95 bps vs Oct 2024 securitization; transaction oversubscribed over 10 times.
Net proceeds of ~$198.5M used to repay outstanding debt and fund reserve accounts.
Notes mature Nov 20, 2031; S&P rated Class A A(sf), Class B BBB(sf).
CFO cites confidence in asset quality, boosted by migration to new loan origination system.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AMERICAS CARMART INC incurred debt of $150,770,000 aggregate principal amount of 5.38% Class A Asset Backed Notes (the “Class A Notes”) and $49,230,000 aggreg maturing November 20, 2031.

Principal: $150,770,000 aggregate principal amount of 5.38% Class A Asset Backed Notes (the “Class A Notes”) and $49,230,000 aggreg
Maturity: November 20, 2031
Event: incurrence

Exact text from the filing

On January 31, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction (the “Securitization Transaction”), which involved the issuance and sale in a private offering of $150,770,000 aggregate principal amount of 5.38% Class A Asset Backed Notes (the “Class A Notes”) and $49,230,000 aggregate principal amount of 7.87% Class B Asset Backed Notes (the “Class B Notes” and, together with the Class A Notes, the “Notes”).

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41 debt financings filed in the last 30 days. Browse all debt financings →

AMERICAS CARMART INC filing history →

Source: SEC EDGAR

accession 0001171843-25-000643

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