Car-Mart lenders extend default waiver to Oct 22; strategic review active, bankruptcy risk cited

AMERICAS CARMART INC

• Silver Point Finance as Agent and the Lenders extended the Scheduled Termination Date and relief on minimum liquidity and Collateral Coverage Ratio to Oct 22, 2026, from Oct 15.
• Company has experienced or expects events of default under the Oct 30, 2025 Credit Agreement, including failure to meet certain financial covenants and reporting obligations.
• Strategic alternatives review, overseen by a special committee of the board, remains active with third parties, the Agent and Lenders; no assurance any transaction results.
• Filing cites potential need to seek bankruptcy or insolvency protection and the possibility holders could suffer significant or complete loss via restructuring, recapitalization or dilution.
• Series of prior extensions has run since Sept 4, 2026; risks note efforts to extend waiver and relief period to November 2026.