debt
confidence high
sentiment positive
materiality 0.65
Car-Mart closes $216M asset-backed securitization at 6.27% weighted average coupon
AMERICAS CARMART INC
- Issued $165.18M Class A notes at 5.55% and $50.82M Class B notes at 7.25%.
- Weighted average coupon improved 22 bps to 6.27% vs Jan 2025 and 107 bps vs Oct 2024.
- Net proceeds ~$214.5M used to repay outstanding debt and fund reserve accounts.
- Notes backed by $363M in installment contracts; Class A rated A(sf), Class B BBB(sf).
- CEO Doug Campbell: transaction reflects growing market confidence in Car-Mart's portfolio.
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