Subprime Auto Dealer America’s Car-Mart Seeks Rescue Financing

Bloomberg Markets

Subprime Auto Dealer America’s Car-Mart Seeks Rescue Financing

America’s Car-Mart Inc., a used car seller and subprime lender, is working on an eleventh hour capital raise to stave off a potential bankruptcy filing after a cash crunch put the company on the verge of default, according to people familiar with the matter.

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