America’s Car-Mart, Inc. Announces Agreement with Lenders to Support Ongoing Strategic Review Process

About this update from America's Car-mart, Inc.

Amendment Provides Covenant Relief and Runway to Advance Its Strategic Review ROGERS, Ark., June 19, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“Car-Mart” or the “Company”), today announced that it has entered into an amendment (the “Amendment”) to its Credit and Guaranty Agreement with Silver Point Finance, LLC, as Administrative Agent, and the Company’s lenders, as part of the Company’s proactive efforts to preserve liquidity and advance its ongoing strategic alternatives process. The Amendment provides the Company with covenant relief and a defined path forward as it works with its advisors to complete a review of strategic alternatives. A Special Committee of the Company’s Board of Directors will continue to actively evaluate the full range of strategic and financing alternatives available to the Company, with a focus on identifying the outcome that maximizes value for all of the Company’s stakeholders. “The Amendment provides us the time to evaluate strategic alternatives and pursue an outcome that best serves our stakeholders,” said Doug Campbell, Chief Executive Officer. “We appreciate our lenders’ cooperation and their agreement to provide us this time, and we are focused on executing on the milestones ahead.” Under the terms of the Amendment, the Company must satisfy certain milestones, and the lenders have agreed to waive specified defaults and events of default under the Credit Agreement and to provide covenant relief for a defined period. The Amendment provides for an initial period running through early September 2026, with the ability to extend to November 2026 if certain conditions are satisfied, providing the Company with a workable timeline to advance its review of strategic alternatives. Additional details of the Amendment will be included in the Company’s Current Report on Form 8-K that the Company intends to file with the Securities and Exchange Commission in the coming days. There can be no assurance that the Company’s review of strategic alternatives will result in any transaction or other outcome, or as to the timing or terms of any such transaction or outcome. The Company does not intend to comment further regarding the review unless and until it determines that further disclosure is appropriate or required. The Company is advised by Mayer Brown LLP as legal counsel, Houlihan Lokey Capital, Inc. as inves...

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