America’s Car-Mart lenders extend default waiver and covenant relief to Oct. 1, 2026
CRMT•America’s Car-Mart’s lenders extended waivers and covenant relief through Oct. 1, 2026, while the company continues a strategic alternatives review and flags existing or expected credit agreement defaults.
1. Waiver extended
America’s Car-Mart secured another short-term extension of lender waivers under its amended credit agreement, pushing relief through Oct. 1, 2026. The extension maintains temporary relief tied to minimum liquidity thresholds and a minimum Collateral Coverage Ratio requirement.
2. Review continues
A board special committee continues reviewing strategic alternatives, with talks active with third parties and the lending group. The company flagged existing or expected credit agreement defaults, including financial covenant and reporting compliance breaches, subject to waiver conditions during the relief period.
