America's Car-Mart secures $5 million in additional term loans from Silver Point-led lenders
CRMT•America's Car-Mart secured $5 million in incremental term loans under an Oct. 15 amendment, with fees of $200,000 added to principal. Lenders also extended certain default waivers through Nov. 1 and maintained temporary relief from liquidity and collateral coverage requirements.
1. Additional term loans
America's Car-Mart secured $5 million in incremental term loans under an Oct. 15, 2026, amendment with Silver Point Finance and lenders. The loans will fund general corporate purposes, mature Oct. 30, 2030, and generally carry the same interest rate as the existing term loans. Fees of $200,000 payable to the agent and lenders will be added to outstanding principal.
2. Waivers extended
On Oct. 20, lenders extended waivers for certain defaults through Nov. 1, 2026, from Oct. 22. The extension also maintains temporary relief from minimum liquidity thresholds and the minimum Collateral Coverage Ratio.
