AMERICAS CARMART INC (CRMT): debt financing — America's Car-Mart closes $172M ABS securitization; weighted average coupon improves 81 bps

AMERICAS CARMART INC

Issued $172M in asset-backed notes: $133.34M Class A (5.01%) and $38.62M Class B (6.08%).
Weighted average coupon 5.46%, improving 81 bps from May 2025 securitization and 308 bps since 2024-1.
Class A notes ~8x oversubscribed, Class B nearly 16x oversubscribed, indicating strong demand.
Net proceeds of ~$170.7M to repay outstanding debt and fund reserve accounts for noteholders.
Notes rated A(sf) and BBB(sf) by S&P; collateralized by $291.5M in customer installment contracts.

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 $133,340,000 aggregate principal amount with Deutsche Bank National Trust Company at 5.01% maturing January 20, 2030.

Instrument: senior notes
Principal: $133,340,000 aggregate principal amount
Counterparty: Deutsche Bank National Trust Company
Rate: 5.01%
Maturity: January 20, 2030
Event: incurrence

Exact text from the filing

On August 28, 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 $133,340,000 aggregate principal amount of 5.01% Class A Asset Backed Notes

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 0001171843-25-005678

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.