CARMAX INC

$500m committed across 1 active facility, next covenant test Sep 30, 2026. KMX

Recent changes

CovenantTestedHeadroomLimit now

Tested quarterlyHeadroom not yet measured3.75x

Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Company to be greater than 3.75 to 1.00

Tested quarterlyHeadroom not yet measured2.00x

Permit the Consolidated Interest and Rent Coverage Ratio as of the end of any fiscal quarter of the Company to be less than 2.00 to 1.00

Signed Jun 15, 2026

Tranche	Size	Matures	Margin
Term Loan	$500m	Jun 2029	n/a

Priced over Daily SOFR, floor 0 bps (Term Loan A).

Level	Condition	Margin	Unused fee
Level 1	≤ 0.75:1.00	n/a	n/a
Level 2	> 0.75:1.00 and ≤ 1.75:1.00	n/a	n/a
Level 3	> 1.75:1.00 and ≤ 2.50:1.00	n/a	n/a
Level 4	> 2.50:1.00 and ≤ 3.25:1.00	n/a	n/a
Level 5	> 3.25:1.00 and ≤ 3.75:1.00	n/a	n/a
Level 6	> 3.75:1.00	n/a	n/a

§1.01

Lenders: MUFG Bank, Ltd., Canadian Imperial Bank of Commerce, Royal Bank of Canada

No amendments on file yet.

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