Loan & DebtJun 19, 2026, 09:01 PM
America's Car-Mart Amends Credit Agreement for Covenant Relief
AI Summary
America's Car-Mart, Inc. announced an amendment to its Credit and Guaranty Agreement with Silver Point Finance, LLC to preserve liquidity and advance its strategic alternatives process. The amendment provides covenant relief and a defined path forward, with lenders waiving specified defaults and events of default. This initial period extends through early September 2026, with a potential extension to November 2026, allowing the company time to evaluate options to maximize stakeholder value.
Key Highlights
- Entered into an amendment to its Credit and Guaranty Agreement with Silver Point Finance, LLC.
- Amendment provides covenant relief and a defined path for strategic alternatives review.
- Lenders agreed to waive specified defaults and events of default under the Credit Agreement.
- Initial period runs through early September 2026.
- Ability to extend to November 2026 if certain conditions are satisfied.
- Company advised by Mayer Brown LLP (legal), Houlihan Lokey Capital, Inc. (investment banker), and FTI Consulting (financial).
Price Impact
More from CRMT