secwatch.observer — SEC 8-K summary
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Issuer:     COPART INC (CPRT)
CIK:        0000900075
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001193125-26-022730
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/0001193125-26-022730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/900075/000119312526022730/d64083d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-022730

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