---
schema_version: "secwatch.filing_event.v1"
accession: "0000108385-23-000044"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T06:49:36.942947+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# World Acceptance cuts revolver to $580M, extends maturity to June 2026, eases covenant

## Summary
- Revolving commitments cut to $580M from $685M; accordion capacity increased to $150M.
- Maturity extended to June 7, 2026 (from June 7, 2024).
- Minimum fixed charge coverage ratio reduced to 2.25x from 2.75x, effective March 31, 2024.
- South State Bank added as lender; Bank United and LEFCO RP 1 LLC paid off.

## SEC filing metadata
- accession: 0000108385-23-000044
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000010838523000044/0000108385-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000010838523000044/wrld-20230718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000108385-23-000044
- JSON: https://secwatch.observer/filing/0000108385-23-000044.json
- Plain text: https://secwatch.observer/filing/0000108385-23-000044.txt

## Key facts
- Debt Financings
  WORLD ACCEPTANCE CORP amended credit facility of $580 million with Wells Fargo Bank, National Association maturing June 7, 2026.
  - Instrument: credit facility
  - Principal: $580 million
  - Counterparty: Wells Fargo Bank, National Association
  - Maturity: June 7, 2026
  - Event: amendment
  source text: The Tenth Amendment amends the Company’s Amended and Restated Revolving Credit Agreement to, among other things: i. Reduce the total commitments under the facility from $685 million to $580 million; ii. Increase the amount available under the accordion feature from $100 million to $150 million (for a total commitment, if the full accordion is borrowed, of $730 million); iii. Extend the maturity to June 7, 2026 (from June 7, 2024); iv. Change the ratio of Net Income Available for Fixed Charges to Fixed Charges from not less than 2.75 to 1 to not less than 2.25 to 1 starting with the fiscal quarter ending March 31, 2024; and v. Replace certain lenders and amend the commitment levels of certain lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108385/000010838523000044/0000108385-23-000044-index.htm
- Material Agreements
  WORLD ACCEPTANCE CORP amended Tenth Amendment with lenders named therein, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent valued at Reduce the total commitments under the facility from $685 million to $580 million; Increase the amou (effective 2023-07-18).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: lenders named therein, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent
  - Value: Reduce the total commitments under the facility from $685 million to $580 million; Increase the amou
  - Effective: 2023-07-18
  source text: On July 18 th , 2023, World Acceptance Corporation (the “Company”) entered into the Tenth Amendment to its Amended and Restated Revolving Credit Agreement (the “Tenth Amendment”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/108385/000010838523000044/0000108385-23-000044-index.htm

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