Copart, Inc. entered into a new $1,250 million senior revolving credit facility with Wells Fargo Bank, N.A. that matures on January 23, 2031. This agreement replaces the company's existing credit facility with Bank of America and includes provisions for foreign currency borrowings and sub-facilities for international subsidiaries. The company intends to use the proceeds for general corporate purposes, including working capital, capital expenditures, and potential acquisitions or share repurchases.
