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Bentonville, Arkansas, Dec. 13, 2016 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) today appear it has entered into a Second Adapted and Restated Loan and Security Acceding (“Agreement”) with a accumulation of lenders able December 12, 2016. The Acceding apology and restates the Company’s Adapted and Restated Loan and Security Acceding anachronous March 9, 2012, as adapted on September 30, 2012, February 4, 2013, June 24, 2013, February 13, 2014 and October 8, 2014, appropriately (“Existing Loan Agreement”), the acceding of which accept been ahead appear by the Aggregation in its Accepted Reports on Form 8-K. The lending accumulation includes Bank of America, N.A. ($96 actor commitment, up from $79.75 million), BOKF, NA d/b/a Bank of Arkansas ($44 actor commitment, up from $40 million), Commerce Bank ($16 actor commitment, up from $15 million), First Tennessee Bank, N.A. ($25 actor commitment, up from $20 million) and Arvest Bank ($19 actor commitment, up from $17.75 million). Bank of America, N.A. serves as the abettor for the lenders, beforehand arranger and book administrator for the adapted and restated acclaim facilities.

The Acceding extends the appellation of the Company’s revolving acclaim accessories to December 12, 2019 and increases the absolute acceptable borrowings from $172.5 actor to $200 million.  The Acceding additionally includes an accordion affection acceptance for up to an added $50 actor in absolute commitments, accountable to lender approval and/or acknowledged syndication. The Acceding provides for three appraisement tiers (down from four) for free the applicative absorption rate, based on the Company’s circumscribed advantage arrangement for the above-mentioned budgetary quarter. The Acceding additionally requires the Aggregation to pay a account fee to the lenders of .25% times the bulk of bare acclaim commitments. Borrowings are anchored primarily by accounts receivable and account of the Company’s corresponding subsidiaries. The Acceding increases the beforehand bulk on accounts receivable with 37-42 ages acceding from 50% to 55%, and the beforehand bulk on accounts receivable with 43-60 ages acceding from 45% to 50%.  The Acceding additionally displace the accumulated absolute on the repurchase of Aggregation banal to $40 actor alpha December 12, 2016.

“We abide to accept what we accept to be one of the arch antithesis bedding in our industry. Our debt to disinterestedness and debt to Finance Receivable ratios at October 31, 2016 (53.1% and 26.3%, respectively) are able and a absorption of our focus on banknote flows and chump success,” said Jeff Williams, President of America’s Car-Mart, Inc. “This new acceding gives us allowance to abide to abound our aggregation and to serve barter attractive for affection vehicles, affordable acquittal acceding and accomplished service.”

About America’s Car-Mart

America’s Car-Mart, Inc. (the “Company”) operates 143 automotive dealerships in eleven states and is one of the better about captivated automotive retailers in the United States focused alone on the “Integrated Auto Sales and Finance” articulation of the acclimated car market.  The Aggregation emphasizes above chump account and the architecture of able claimed relationships with its customers. The Aggregation operates its dealerships primarily in baby cities throughout the South-Central United States affairs affection acclimated cartage and accouterment costs for essentially all of its customers.  For added information, including broker presentations, on America’s Car-Mart, amuse appointment our website at www.car-mart.com.

This columnist absolution contains “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995.  These advanced statements abode the Company’s approaching objectives, affairs and goals, as able-bodied as the Company’s intent, behavior and accepted expectations apropos approaching operating achievement and can about be articular by words such as “may,” “will,” “should,” “could, “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” and added agnate words or phrases.  Specific contest addressed by these advanced statements include, but are not bound to:

These advanced statements are based on the Company’s accepted estimates and assumptions and absorb assorted risks and uncertainties.  As a result, you are cautioned that these advanced statements are not guarantees of approaching performance, and that absolute after-effects could alter materially from those projected in these advanced statements.  Factors that may account absolute after-effects to alter materially from the Company’s projections include, but are not bound to:

Additionally, risks and uncertainties that may affect approaching after-effects accommodate those declared from time to time in the Company’s SEC filings. The Aggregation undertakes no obligation to amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.  You are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the dates on which they are made.

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