08:52 AM EDT, 10/11/2024 (MT Newswires) -- 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.