America’s Car-Mart, Inc. Announces Closing on Extension and Upsize of Its Revolving Credit Facility
America's Car-Mart (NASDAQ: CRMT) has successfully extended and upsized its asset-based revolving credit facility (ABL Facility) to $350 million, up from the previous $320 million commitment. The facility will now mature on March 31, 2027.
As of January 31, 2025, approximately $75 million was drawn on the ABL Facility. The facility was oversubscribed by a syndicate of lenders with BMO Bank as administrative agent. This expansion, combined with a recently completed $200 million ABS transaction on January 31, 2025, has strengthened the company's funding and liquidity profile while improving financing efficiency.
America's Car-Mart (NASDAQ: CRMT) ha esteso con successo e aumentato la sua linea di credito revolving basata su attivi (ABL Facility) a 350 milioni di dollari, rispetto ai precedenti 320 milioni di dollari. La linea di credito scadrà ora il 31 marzo 2027.
Alla data del 31 gennaio 2025, circa 75 milioni di dollari erano stati utilizzati dalla ABL Facility. La linea di credito è stata sovrascritta da un sindacato di finanziatori con BMO Bank come agente amministrativo. Questa espansione, insieme a una recente transazione di 200 milioni di dollari in ABS completata il 31 gennaio 2025, ha rafforzato il profilo di finanziamento e liquidità dell'azienda, migliorando l'efficienza del finanziamento.
America's Car-Mart (NASDAQ: CRMT) ha ampliado y aumentado con éxito su línea de crédito revolving basada en activos (ABL Facility) a 350 millones de dólares, frente al compromiso anterior de 320 millones de dólares. La línea de crédito ahora vencerá el 31 de marzo de 2027.
Hasta el 31 de enero de 2025, aproximadamente 75 millones de dólares se habían utilizado de la ABL Facility. La línea de crédito fue sobreecrita por un sindicato de prestamistas con BMO Bank como agente administrativo. Esta expansión, combinada con una reciente transacción de 200 millones de dólares en ABS completada el 31 de enero de 2025, ha fortalecido el perfil de financiamiento y liquidez de la empresa, mejorando la eficiencia del financiamiento.
아메리카스 카마트 (NASDAQ: CRMT)는 자산 기반의 회전 신용 시설(ABL Facility)을 성공적으로 확장하고 규모를 늘려 3억 5천만 달러로 증가시켰으며, 이전의 3억 2천만 달러에서 증가했습니다. 이 신용 시설은 이제 2027년 3월 31일에 만료됩니다.
2025년 1월 31일 기준으로 약 7천5백만 달러가 ABL Facility에서 인출되었습니다. 이 신용 시설은 BMO Bank를 관리 에이전트로 하는 대출자 신디케이트에 의해 초과 구독되었습니다. 이 확장은 2025년 1월 31일에 완료된 2억 달러의 ABS 거래와 결합되어 회사의 자금 조달 및 유동성 프로필을 강화하고 자금 조달 효율성을 향상시켰습니다.
America's Car-Mart (NASDAQ: CRMT) a réussi à étendre et à augmenter sa ligne de crédit revolving basée sur les actifs (ABL Facility) à 350 millions de dollars, contre un engagement précédent de 320 millions de dollars. La ligne de crédit arrivera maintenant à échéance le 31 mars 2027.
Au 31 janvier 2025, environ 75 millions de dollars avaient été tirés de l'ABL Facility. La ligne de crédit a été sursouscrite par un syndicat de prêteurs avec BMO Bank en tant qu'agent administratif. Cette expansion, combinée à une récente transaction de 200 millions de dollars en ABS réalisée le 31 janvier 2025, a renforcé le profil de financement et de liquidité de l'entreprise tout en améliorant l'efficacité du financement.
America's Car-Mart (NASDAQ: CRMT) hat erfolgreich seine assetbasierte revolvierende Kreditfazilität (ABL Facility) auf 350 Millionen Dollar ausgeweitet und erhöht, von zuvor 320 Millionen Dollar. Die Fazilität wird nun am 31. März 2027 fällig.
Zum 31. Januar 2025 waren etwa 75 Millionen Dollar aus der ABL Facility abgerufen worden. Die Fazilität wurde von einem Syndikat von Kreditgebern überzeichnet, mit der BMO Bank als Verwaltungsagent. Diese Erweiterung, zusammen mit einer kürzlich abgeschlossenen Transaktion über 200 Millionen Dollar in ABS am 31. Januar 2025, hat das Finanzierungs- und Liquiditätsprofil des Unternehmens gestärkt und die Finanzierungseffizienz verbessert.
- Increased credit facility by $30M to $350M
- Extended maturity to March 2027
- Oversubscribed funding indicates strong lender interest
- Combined $550M in total funding capacity (ABL + ABS)
- Improved financing efficiency
- $75M already drawn from facility
ROGERS, Ark., March 03, 2025 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today announced that it has extended and upsized its asset-based revolving credit facility (“ABL Facility”).
The
“Today’s announcement reflects the success of ongoing initiatives aimed at expanding our funding programs. We were excited to be able to upsize the ABL Facility and expand the number of relationships in our bank group, with participation in the funding being oversubscribed. The combination of this upsized ABL Facility and the
Additional details on the ABL Facility may be found in a Form 8-K to be filed with the Securities and Exchange Commission (“SEC”), which will be available upon filing with the SEC at www.sec.gov.
About America’s Car-Mart, Inc.
America’s Car-Mart, Inc. (the “Company”) operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com.
Contact:
Vickie Judy, CFO
479-464-9944
Investor_relations@car-mart.com
FAQ
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