America’s Car-Mart lenders extend default waiver, covenant relief to Oct. 1, 2026
Bitget2026/09/24 20:07- America’s Car-Mart secured another short-term extension of lender waivers under its amended credit agreement, pushing relief through Oct. 1, 2026.
- Extension maintains temporary covenant relief tied to minimum liquidity thresholds, also covering a minimum Collateral Coverage Ratio requirement.
- Strategic alternatives review continues under a board special committee, with talks active with third parties and the lending group.
- Company flagged existing or expected credit agreement defaults, including financial covenant and reporting compliance breaches, subject to waiver conditions during the relief period.
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