America's Car-Mart lenders extend covenant waiver for a fourth time, to 1 October
SEC filings show America's Car-Mart has won a fourth one-week extension of a limited waiver of defaults under its credit agreement while a board committee reviews options including restructuring.
America's Car-Mart's lenders, led by agent Silver Point Finance, have extended a limited waiver of covenant defaults for a fourth time, to 1 October 2026, while a board special committee evaluates strategic alternatives including financing, recapitalisation and restructuring.
- Company
- America's Car-Mart, Inc. (CIK 799850)
- Waiver now runs to
- 1 October 2026
- One-week extensions since 4 September
- 4
- Lenders' agent
- Silver Point Finance, LLC
- Credit agreement dated
- 30 October 2025
- Covenants relieved
- Minimum liquidity; minimum Collateral Coverage Ratio
America's Car-Mart, Inc. (CIK 799850) has obtained a fourth one-week extension of a limited waiver from its lenders, according to a Form 8-K filed with the SEC on 24 September 2026. The waiver now runs to 1 October 2026.
The waiver relates to a Credit and Guaranty Agreement dated 30 October 2025, under which Silver Point Finance, LLC acts as administrative agent and collateral agent. On 24 September the agent and lenders agreed to extend the scheduled termination date, together with temporary relief from the agreement's minimum liquidity thresholds and minimum Collateral Coverage Ratio, through 1 October 2026 (Form 8-K, 24 September 2026).
The initial waiver period ran to 7 September 2026. It was extended on 4 September to 11 September, on 10 September to 18 September, and on 18 September to 24 September (Form 8-K, 18 September 2026).
The company states that it has experienced, or anticipates experiencing, events of default under the credit agreement, including the failure or expected failure to comply with certain financial covenants (Form 8-K, 24 September 2026). It says there can be no assurance that it will satisfy the conditions to a permanent waiver of those defaults (Form 8-K, 18 September 2026).
A special committee of the board is overseeing an evaluation of strategic alternatives, which the company says may include financing, recapitalisation, restructuring, mergers and acquisitions and other transactions. It states that discussions remain active with third parties, the agent and the lenders (Form 8-K, 24 September 2026).
The risks the company lists in its forward-looking statements include its ability to extend the waiver and relief period to November 2026, the potential need to seek protection under bankruptcy or insolvency laws, and the possibility that shareholders could experience a significant or complete loss of their investment (Form 8-K, 24 September 2026).
The filings do not state the size of the credit facility or the amount outstanding under it. Loro has made no approach to the company. Figures are as reported in America's Car-Mart's SEC filings.
Primary sources
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