---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-022730"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T08:17:28.381979+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Copart enters $1.25B senior revolving credit facility, replacing existing agreement

## Summary
- $1.25B revolving credit facility matures Jan 23, 2031; extendable up to two times for one year each.
- Unsecured; interest based on SOFR + 0.75%-1.125% or base rate + 0%-0.125%, depending on leverage.
- Includes $550M multicurrency sub-facility (Sterling, Euro, CAN) and a $500M discretionary incremental facility.
- $100M swingline and $100M letter of credit sublimits; proceeds for general corporate purposes, dividends, share buybacks, M&A.
- Replaces $1.0B facility with Bank of America; all amounts repaid and commitments terminated.

## SEC filing metadata
- accession: 0001193125-26-022730
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/0001193125-26-022730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/d64083d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-022730
- JSON: https://secwatch.observer/filing/0001193125-26-022730.json
- Plain text: https://secwatch.observer/filing/0001193125-26-022730.txt

## Key facts
- Debt Financings
  COPART INC incurred revolving credit of $1,250.0 million with Wells Fargo Bank, National Association at either (1) the applicable fixed rate plus 0.75% to 1.125% or (2) the daily rate maturing January 23, 2031.
  - Instrument: revolving credit
  - Principal: $1,250.0 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: either (1) the applicable fixed rate plus 0.75% to 1.125% or (2) the daily rate
  - Maturity: January 23, 2031
  - Event: incurrence
  source text: The Credit Agreement provides for a $1,250.0 million revolving credit facility maturing on January 23, 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/0001193125-26-022730-index.htm
- Material Agreements
  COPART INC entered into Credit Agreement with Wells Fargo Bank, National Association, as administrative agent valued at $1,250.0 million revolving credit facility (effective 2026-01-23).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Value: $1,250.0 million revolving credit facility
  - Effective: 2026-01-23
  source text: On January 23, 2026, Copart, Inc. (“ Copart ”) entered into a Senior Revolving Credit Agreement (the “ Credit Agreement ”) by and among Copart, certain subsidiaries of Copart party thereto, the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/0001193125-26-022730-index.htm
- Material Agreements
  COPART INC terminated Existing Credit Agreement with Bank of America, N.A., as the administrative agent (effective 2026-01-23).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as the administrative agent
  - Effective: 2026-01-23
  source text: Concurrently with entry into the Credit Agreement, Copart terminated all available commitments and repaid all amounts outstanding under that certain Second Amended and Restated Credit Agreement, dated as of December 21, 2021, by and among the Copart, the designated borrowers from time to time party thereto, the guarantors from time to time party thereto, the lenders party from time to time thereto and Bank of America, N.A., as the administrative agent (the “ Existing Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/0001193125-26-022730-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.