{"schema_version":"secwatch.filing_event.v1","accession":"0000108385-22-000019","form_type":"8-K","ticker":"WRLD","cik":"0000108385","company_name":"WORLD ACCEPTANCE CORP","filed_at":"2022-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:59.678328+00:00","generated_at":"2026-06-25T22:50:52.717248+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"World Acceptance amends credit facility, lowering fixed charge covenant and enabling SPV formation","bullets":["Fixed charge coverage ratio reduced to 2.10x for quarters ending Mar 2022 through Jun 2023; then reverts to 2.75x.","Borrower may form up to two SPV subsidiaries for warehouse or securitization.","Benchmark interest rate transitioned from 1-month LIBOR to term SOFR.","$205,500 non-refundable amendment fee paid to lenders.","Amendment effective May 3, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000108385-22-000019","json":"https://secwatch.observer/filing/0000108385-22-000019.json","markdown":"https://secwatch.observer/filing/0000108385-22-000019.md","text":"https://secwatch.observer/filing/0000108385-22-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108385/000010838522000019/0000108385-22-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108385/000010838522000019/wrld-20220503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T22:50:52.717248+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}