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America's Car-Mart, Inc. Announces Increase of Revolving Line of Credit to $326 Million


America’s Car-Mart, Inc. Announces Increase of Revolving Line of Credit to $326 Million
Rogers, Arkansas, Dec. 31, 2020 (GLOBE NEWSWIRE) America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) today announced it has utilized a portion of the accordion feature under its Third Amended and Restated Loan and Security Agreement (“Agreement”).
The increase allows for total permitted borrowings of $326 million up from $241 million. MUFG Union Bank, N.A. (MUFG) joined the lending group as a new lender with a commitment of $50 million.  The lending group also includes BMO Harris Bank, N.A., Agent for the lending group ($71 million commitment), Wells Fargo Bank, N.A. ($50 million commitment, up from $30 million), BOKF, NA d/b/a BOK Financial ($50 million commitment), First Horizon Bank ($50 million commitment, up from $40 million), Arvest Bank ($30 million commitment), and Commerce Bank ($25 million commitment, up from $20 million).  In addition to the increased per ....

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