NasdaqGS:CPRTCommercial Services
Assessing Copart (CPRT) Valuation After Securing A New US$1.25b Revolving Credit Facility
Why Copart’s New Credit Facility Matters for Shareholders
Copart (CPRT) has put a fresh US$1.25b unsecured revolving credit facility in place, replacing its prior agreement and extending available liquidity out to January 2031 with optional one year extensions.
The new facility includes multi currency borrowing capacity, swingline and letter of credit sublimits, and dedicated sub facilities for its German, Spanish, and UK subsidiaries, which ties directly into Copart’s expansion focused...