MiraMax
Oct 15, 9:15 PM
$CRMT per Street Insider, America's Car-Mart, Inc. (NASDAQ: CRMT) has received an additional extension from its lenders, pushing the waiver period for certain credit agreement defaults through October 22, 2026.
The extension, agreed upon on October 14, 2026, involves Silver Point Finance, LLC, acting as Administrative Agent and Collateral Agent, along with the lenders party to the Credit and Guaranty Agreement dated October 30, 2025. The extension provides temporary relief related to minimum liquidity thresholds and a minimum Collateral Coverage Ratio, continuing a series of similar extensions that began September 4, 2026.
The company has disclosed that it has experienced, or anticipates experiencing, events of default under the credit agreement, including failure or expected failure to comply with certain financial covenants and reporting obligations. The lenders have agreed to waive such defaults through the current extension period.
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