Copart, Inc. announced it has entered into a new senior revolving credit agreement, replacing its existing facility and securing a $1.25 billion revolving credit line that matures on January 23, 2031. The new facility includes multi-currency borrowing options, with up to $550 million available in British pounds, euros and Canadian dollars, as well as an incremental facility of up to $500 million.

The unsecured credit facility is led by Wells Fargo Bank as administrative agent and includes dedicated sub-facilities for Copart’s operations in Germany, Spain and the United Kingdom. Borrowings will carry variable interest rates tied to benchmark rates such as SOFR, SONIA, EURIBOR and CORRA, with margins based on Copart’s net leverage ratio.

Copart said it plans to use the proceeds for general corporate purposes, including working capital, capital expenditures, dividends, potential share repurchases, acquisitions and other domestic and international expansion initiatives.

Source: Copart Form 8-K, January 26, 2026