---
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"
generated_at: "2026-06-25T22:50:52.717248+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# World Acceptance amends credit facility, lowering fixed charge covenant and enabling SPV formation

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000108385-22-000019
- JSON: https://secwatch.observer/filing/0000108385-22-000019.json
- Plain text: https://secwatch.observer/filing/0000108385-22-000019.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.