{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-25-008088","form_type":"8-K","ticker":"CRMT","cik":"0000799850","company_name":"AMERICAS CARMART INC","filed_at":"2025-12-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.206319+00:00","generated_at":"2026-05-16T12:22:22.714659+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Car-Mart completes $161.3M ABS securitization with new residual structure improving capital efficiency","bullets":["Issued $128.2M Class A notes at 5.87% and $33.1M Class B notes at 8.42%.","Net proceeds of ~$159.7M used for general corporate purposes and reserve deposits.","New residual cash flow structure retains more value; weighted avg coupon 7.02% vs 5.46% on 2025-3.","Transaction improves liquidity, capital efficiency; expected to reduce long-term cost of capital.","Class A notes mature May 2030, Class B Aug 2032; credit enhancement via over-collateralization."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-25-008088","json":"https://secwatch.observer/filing/0001171843-25-008088.json","markdown":"https://secwatch.observer/filing/0001171843-25-008088.md","text":"https://secwatch.observer/filing/0001171843-25-008088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/f8k_122325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:22:22.714659+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0107a2d24aa4a59fa1110925b14cb8061b637684","claim":"AMERICAS CARMART INC incurred debt of $161,264,000 aggregate principal amount at 5.87% for Class A Notes and 8.42% for Class B Notes maturing Class A Notes mature on May 20, 2030, and the Class B Notes mature on August 20, 2032.","evidence_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001104659-26-057239","ticker":"BKNG","company_name":"Booking Holdings Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Booking Holdings issues $750M of 5.375% Senior Notes due 2036","event_type":"debt","sec_items":["1.01","2.03","8.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 8.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-057239","json":"https://secwatch.observer/filing/0001104659-26-057239.json","markdown":"https://secwatch.observer/filing/0001104659-26-057239.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075531/000110465926057239/0001104659-26-057239-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075531/000110465926057239/tm2613920d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"in connection with the sale of $750,000,000 aggregate principal amount of the Company’s 5.375% Senior Notes due 2036","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1075531/000110465926057239/0001104659-26-057239-index.htm"}},{"accession":"0001104659-26-055658","ticker":"BRX","company_name":"Brixmor Property Group Inc.","filed_at":"2026-05-05T23:59:59+00:00","headline":"Brixmor Operating Partnership issues $400M 5.375% Senior Notes due 2036","event_type":"debt","sec_items":["1.01","2.03","8.01","9.01"],"materiality_score":0.5,"calibrated_materiality_score":0.5,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 8.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-055658","json":"https://secwatch.observer/filing/0001104659-26-055658.json","markdown":"https://secwatch.observer/filing/0001104659-26-055658.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581068/000110465926055658/0001104659-26-055658-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1581068/000110465926055658/tm2613477d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"On May 5, 2026, Brixmor Operating Partnership LP (the “Operating Partnership”), an indirect subsidiary of Brixmor Property Group Inc. (the “Company”), completed the previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 5.375% Senior Notes due 2036 (the “Notes”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1581068/000110465926055658/0001104659-26-055658-index.htm"}},{"accession":"0001999371-26-009633","ticker":"MKC","company_name":"MCCORMICK & CO INC","filed_at":"2026-05-01T23:59:59+00:00","headline":"McCormick secures $2B term loan for Unilever foods acquisition; 3-year maturity, floating rate","event_type":"debt","sec_items":["1.01","2.03","8.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 8.01, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-26-009633","json":"https://secwatch.observer/filing/0001999371-26-009633.json","markdown":"https://secwatch.observer/filing/0001999371-26-009633.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/63754/000199937126009633/0001999371-26-009633-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/63754/000199937126009633/apollo-8k_043026.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"The Term Loan Agreement provides McCormick with the ability to borrow up to $2.0 billion (the “Term Loan Facility”) at the closing of the Merger","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/63754/000199937126009633/0001999371-26-009633-index.htm"}},{"accession":"0000785161-26-000161","ticker":"EHC","company_name":"Encompass Health Corp","filed_at":"2026-06-01T20:26:16+00:00","headline":"Encompass Health issues $500M 5.875% notes due 2034; to redeem $400M of 4.500% notes due 2028","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.5,"calibrated_materiality_score":0.5,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000785161-26-000161","json":"https://secwatch.observer/filing/0000785161-26-000161.json","markdown":"https://secwatch.observer/filing/0000785161-26-000161.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/785161/000078516126000161/0000785161-26-000161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/785161/000078516126000161/ehc-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"On May 29, 2026, Encompass Health Corporation (the “Company”) completed the issuance and sale of $500 million in aggregate principal amount of its 5.875% Senior Notes due 2034 (the “Notes”), along with the related guarantees of the Notes by certain of the Company’s subsidiaries (the “Guarantees”), in a private offering.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/785161/000078516126000161/0000785161-26-000161-index.htm"}},{"accession":"0001628280-26-039479","ticker":"VVX","company_name":"V2X, Inc.","filed_at":"2026-06-01T20:10:20+00:00","headline":"V2X refinances $868.5M term loans with new tranche maturing 2030; SOFR+2% margin","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-039479","json":"https://secwatch.observer/filing/0001628280-26-039479.json","markdown":"https://secwatch.observer/filing/0001628280-26-039479.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/0001628280-26-039479-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/vec-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/0001628280-26-039479-index.htm"}},{"accession":"0001213900-26-054183","ticker":"EMAT","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-11T23:59:59+00:00","headline":"EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054183","json":"https://secwatch.observer/filing/0001213900-26-054183.json","markdown":"https://secwatch.observer/filing/0001213900-26-054183.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/ea0290073-8k_evolution.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm"}},{"accession":"0000008947-26-000108","ticker":"AZZ","company_name":"AZZ INC","filed_at":"2026-05-08T23:59:59+00:00","headline":"AZZ refinances revolver; maturity extended to 2029, margins cut 50 bps","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000008947-26-000108","json":"https://secwatch.observer/filing/0000008947-26-000108.json","markdown":"https://secwatch.observer/filing/0000008947-26-000108.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/8947/000000894726000108/0000008947-26-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8947/000000894726000108/azz-20260507.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"The Seventh Amendment (i) terminated the Initial Revolving Credit Commitments and simultaneously replaced them in their entirety with Extended Revolving Credit Commitments having a Maturity Date of May 7, 2029, (ii) decreased the interest rate margin applicable to the Revolving Credit Loans from margins ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs) to margins ranging from 125 basis points to 225 basis points (subject to leverage ratio step-downs)","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/8947/000000894726000108/0000008947-26-000108-index.htm"}},{"accession":"0001079973-26-000624","ticker":"LCTC","company_name":"Lifeloc Technologies, Inc","filed_at":"2026-05-08T23:59:59+00:00","headline":"Lifeloc Technologies enters $500K promissory note with CFO/Chairman for SpinDetect development","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001079973-26-000624","json":"https://secwatch.observer/filing/0001079973-26-000624.json","markdown":"https://secwatch.observer/filing/0001079973-26-000624.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1493137/000107997326000624/0001079973-26-000624-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1493137/000107997326000624/lctc_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"On December 17, 2025, affiliates of America’s Car-Mart, Inc. (the “Company”) completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the “Securitization Transaction”).","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/799850/000117184325008088/0001171843-25-008088-index.htm","comparable_excerpt":"On May 4, 2026, Lifeloc Technologies, Inc. (the “Company”) entered into a loan transaction with Vern Kornelsen, the Company’s Chief Financial Officer and Chairman of the Board. The transaction consists of a Promissory Note dated May 1, 2026 (the “Note”) in the principal amount of $500,000.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1493137/000107997326000624/0001079973-26-000624-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}