America’s Car-Mart faces another deadline on Friday to gain more financial support to remain in the buy-here, pay-here dealership business.

The company revealed in a filing with the Securities and Exchange Commission as the nation marked the 25th anniversary of the Sept. 11 attacks that it received a seven-day extension of what was supposed to be the termination date with its creditors.

On June 19, Car-Mart announced that it had entered into an amendment to its credit and guaranty agreement with Silver Point Finance, as administrative agent, and the company’s lenders.

Under the terms of the amendment, the company must satisfy certain milestones, and the lenders have agreed to waive specified defaults and events of default under the credit agreement and to provide covenant relief for a defined period.

The deadline has now been adjusted multiple times, with this Friday representing the newest one.

“As previously disclosed, the company is also engaged in an evaluation of strategic alternatives, overseen by a special committee of the company’s board of directors and which may include potential financing, recapitalization, restructuring, mergers and acquisitions, and other transactions,” Car-Mart said in the Sept. 11 filing with the SEC. “The company believes it has made significant progress towards a transaction and that discussions remain active with third parties, the agent, and the lenders.

“As described in the prior current reports, the company has experienced, or anticipates experiencing, events of default under the credit agreement, including the failure or expected failure to comply with certain financial covenants and reporting obligations,” the company continued. “Pursuant to the amendment, the lenders have agreed to waive such defaults for the specified period (as defined in the amendment) on the terms described in the June 25th current report, as extended by the extensions.

“There can be no assurance that the company will satisfy the conditions to a permanent waiver of such defaults, that the company’s review of strategic and financing alternatives will result in any transaction or other outcome favorable to the company or its stockholders or that the company will be able to achieve a sustainable capital structure,” Car-Mart went on to say.

Car-Mart is coming off the opening quarter of its 2027 fiscal year, having retailed less than 3,000 vehicles.