America’s Car-Mart announces $65M common stock offering

America’s Car-Mart announced that it intends to offer and sell, subject to market and other conditions, $65M of shares of common stock in an underwritten public offering. Car-Mart intends to use the net proceeds from the proposed offering to repay a portion of the balance on its revolving credit facilities. Any remaining proceeds will be used for general corporate purposes. Jefferies is acting as the sole bookrunning manager for the offering.