America's Car-Mart (CRMT) said Friday that it had completed a term securitization transaction, issuing $300 million in asset-backed notes with an average coupon rate of 7.44%.
The company said the transaction has an advance rate of 59.15%.
America's Car-Mart said its indirect subsidiary, ACM Auto Trust 2024-2, issued $228.2 million in class A notes with a 6.06% coupon rate and $71.8 million in class B notes with a 9.21% coupon rate.
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