America's Car-Mart, Inc. Announces Closing on Extension and Upsize of Its Revolving Credit Facility

Core Points - America's Car-Mart, Inc. has announced the extension and upsizing of its asset-based revolving credit facility to $350 million from a previous commitment of$320 million, maturing on March 31, 2027 [2][3] - As of January 31, 2025, approximately $75 million was drawn on the ABL Facility, which was oversubscribed by a syndicate of lenders led by BMO Bank [2][3] - The company has also completed a$200 million asset-backed securities (ABS) transaction on January 31, 2025, enhancing its funding and liquidity profile [3] Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S., focusing on the "Integrated Auto Sales and Finance" segment of the used car market [5] - The company emphasizes superior customer service and building strong personal relationships with customers, primarily operating in smaller cities throughout the South-Central United States [5]