America’s Car-Mart has entered into an amendment to its credit agreement with Silver Point Finance and its lenders, providing covenant relief and a defined timeline as it pursues a review of strategic alternatives. The amendment waives specified defaults and grants covenant relief for an initial period through early September 2026, with a possible extension to November 2026 if certain conditions are met. A special committee of the board will continue evaluating a full range of strategic and financing alternatives to maximize stakeholder value. The company is advised by Mayer Brown LLP, Houlihan Lokey Capital, and FTI Consulting.
Americas Car-Mart IncCovenant relief and extended timeline support strategic review, reducing near-term default risk.