America's Car-Mart Completes $90M Financing Package

America's Car-Mart, Inc.

announced that the Company and its operating subsidiaries have entered into a Loan and Security Agreement with a group of lenders providing credit facilities totaling $90.0 million to replace the Company's existing credit facilities. The lending group includes Bank of America N.A. ($45.0 million commitment), Bank of Arkansas, N.A. ($30.0 million commitment), Commerce Bank, N.A. ($10.0 million commitment) and Arvest Bank ($5.0 million commitment). I nitial proceeds were used to pay off all existing debt under the Company's previous $61.5 million financing package last amended in January 2010, including the remaining balance ($6.3 million) related to a $10.0 million term loan. Total debt outstanding at July 31, 2010, the end of the Company's first fiscal quarter, was $44.3 million.