AMERICAS CARMART INC (CRMT): debt financing — 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.

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 senior notes of $165,180,000 aggregate principal amount with Deutsche Bank National Trust Company at 5.55% maturing June 20, 2028.

Instrument: senior notes
Principal: $165,180,000 aggregate principal amount
Counterparty: Deutsche Bank National Trust Company
Rate: 5.55%
Maturity: June 20, 2028
Event: incurrence

Exact text from the filing

On May 29, 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 $165,180,000 aggregate principal amount of 5.55% Class A Asset Backed Notes (the “Class A Notes”) and $50,820,000 aggregate principal amount of 7.25% Class B Asset Backed Notes

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

AMERICAS CARMART INC incurred senior notes of $50,820,000 aggregate principal amount with Deutsche Bank National Trust Company at 7.25% maturing February 20, 2032.

Instrument: senior notes
Principal: $50,820,000 aggregate principal amount
Counterparty: Deutsche Bank National Trust Company
Rate: 7.25%
Maturity: February 20, 2032
Event: incurrence

Exact text from the filing

$50,820,000 aggregate principal amount of 7.25% 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 0001171843-25-003669

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