AMERICAS CARMART INC (CRMT): debt financing — America's Car-Mart extends and upsizes ABL facility to $350M, maturing March 2027

AMERICAS CARMART INC

Upsized from $320M to $350M; maturity extended to March 31, 2027.
Approx. $75M drawn on facility as of Jan 31, 2025; also completed $200M ABS transaction.
New lenders joined (Banc of California, EverBank, Forbright); minimum availability covenants set at $20M or $50M.
Fixed charge coverage ratio covenant set at 1.0x through Feb 2025, stepping to 1.25x by July 2026.
Capital expenditure limit reduced from $35M to $25M per fiscal year.

item 1.01 item 2.02 item 2.03 item 9.01

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 amended credit facility of $350 million maturing March 31, 2027.

Instrument: credit facility
Principal: $350 million
Maturity: March 31, 2027
Event: amendment

Exact text from the filing

Amendment No. 9 to the Agreement (the “Amendment”) extends the maturity date of the credit facility to March 31, 2027 and increases the total permitted borrowings from $320 million to $350 million, including an increase in the Colonial revolving line of credit from $290 million to $320 million.

View on SEC.gov

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

AMERICAS CARMART INC filing history →

Source: SEC EDGAR

accession 0001171843-25-001286

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.