BREAKING: $CPRT inks $1.25B senior revolving credit facility with Wells Fargo as administrative agent,…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: $CPRT inks $1.25B senior revolving credit facility with Wells Fargo as administrative agent, replacing prior credit line — maturity Jan 23, 2031. 🚨💰 #Copart #CreditFacility #Markets #FinTwit
ALERT: Facility gives $CPRT clear liquidity for working capital, capex, dividends and potential share buybacks or acquisitions — more ammo for expansion & shareholder returns. 🔑📈 #Liquidity #Buybacks #Mergers #CPRT
Details: $1.25B includes up to $550M in GBP/EUR/CAD, $500M incremental option; sub‑facilities: $150M (GmbH), $150M (Spain), $250M (UK); $100M swingline & $100M LOC. Unsecured; certain US subsidiaries guarantee. 📅🔒 #Debt #Finance #FinTwit
Confirmed: Pricing tied to leverage — fixed (SOFR/SONIA/EURIBOR/CORRA +0.75%–1.125%) or daily (+0%–0.125%); unused fee 0.05%–0.125%. Copart may extend maturity up to two 1‑yr options. Old facility repaid. 📑💡 #CPRT #Markets