CRMT extends Credit Agreement waiver through October 15, 2026 amid strategic alternatives review

Credit agreement amendment: First Amendment and Limited Waiver to the October 30, 2025 Credit and Guaranty Agreement with Silver Point Finance, LLC as Administrative Agent and Collateral Agent, effective October 8, 2026.

Waiver extension: Scheduled Termination Date and temporary relief from minimum liquidity thresholds and minimum Collateral Coverage Ratio extended through October 15, 2026.

Existing or anticipated events of default: the company has experienced or anticipates events of default under the Credit Agreement, including failure or expected failure to comply with certain financial covenants and reporting obligations; Lenders waived these defaults for the specified period on terms described in prior 8-Ks.

Strategic alternatives review: a special committee of the board is overseeing an evaluation that may include financing, recapitalization, restructuring, mergers and acquisitions, or other transactions, with active discussions ongoing with third parties, the Agent, and the Lenders.

Material risks disclosed: potential need to seek protection under bankruptcy or insolvency laws, substantial indebtedness, possible significant or complete loss of common stock value, and risk of failing to meet Nasdaq continued listing requirements.

No assurance provided that the company will satisfy conditions to a permanent waiver, complete a strategic transaction, or do so on favorable terms.