America’s Car-Mart closes on extension, upsize of revolving credit facility

America’s Car-Mart (CRMT) has extended and upsized its asset-based revolving credit facility. The $350 million ABL Facility was upsized from the prior $320 million commitment and has been extended to mature on March 31, 2027. There was approximately $75 million drawn on the ABL Facility as of January 31, 2025. The ABL Facility was subscribed by a syndicate of lenders with BMO Bank as administrative agent.