America's Car-Mart, Inc. completed a term securitization transaction involving $172 million in principal amount of asset-backed notes.
The issuance included $133.34 million of Class A Notes and $38.62 million of Class B Notes with specific coupon rates.
Market interest for the securitizations remains high with oversubscription showing strong demand and favorable pricing improvements.
Weighted Average Coupon Improvement
The overall weighted average coupon improved by 81 basis points from the prior securitization.
Market Interest and Oversubscription
Class A Notes were almost 8 times oversubscribed, and Class B Notes nearly 16 times oversubscribed, indicating strong market demand.
Improvement in Financing Costs
Continued improvements in pricing have significantly reduced financing costs, strengthening capital efficiency.
- The strength of the securitization platform was highlighted by the favorable outcome of the transaction.
- Continuous improvements in pricing and oversubscription reflect positive market sentiment and demand for the Company's offerings.
The successful completion of the term securitization reflects the Company's robust platform and market demand for its asset-backed notes.