America's Car-Mart, Inc. Completes $172 Million Term Securitization

Core Insights - America's Car-Mart, Inc. has successfully completed a term securitization transaction, issuing $172 million in asset-backed notes with a weighted average coupon of 5.46% [1] - The transaction includes $133.34 million of Class A Notes with a coupon rate of 5.01% and $38.62 million of Class B Notes with a coupon rate of 6.08% [2] - The Class A Notes were nearly 8 times oversubscribed, while the Class B Notes were almost 16 times oversubscribed, indicating strong market interest [3] Financial Performance - The company has achieved its fourth consecutive improvement in the overall weighted average coupon, reducing the weighted average spread by 308 basis points since the previous transaction in 2024-1 [3] - The favorable pricing of the notes is attributed to strong demand and improved operating performance within the company's portfolio [3] Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is a leading publicly held automotive retailer focused on the integrated auto sales and finance segment of the used car market [5] - The company emphasizes superior customer service and strong personal relationships with customers, primarily operating in smaller cities throughout the South-Central United States [5]