Copart Inc. has entered into a new Senior Revolving Credit Agreement with a group of lenders, with Wells Fargo Bank, National Association serving as the administrative agent. The agreement, signed on January 23, 2026, provides Copart with a $1.25 billion unsecured revolving credit facility maturing on January 23, 2031. The facility includes sub-facilities for certain Copart subsidiaries in Germany, Spain, and the UK, and offers flexibility for borrowings in multiple currencies. The new agreement replaces Copart’s previous credit facility with Bank of America, which was terminated and fully repaid. Proceeds from the new facility are intended for general corporate purposes, including working capital, capital expenditures, dividends, share repurchases, acquisitions, and other investments supporting Copart’s expansion. Interest rates and fees under the agreement are tied to Copart’s consolidated total net leverage ratio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Copart Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-022730), on January 26, 2026, and is solely responsible for the information contained therein.