secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0000108385-23-000044
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000010838523000044/0000108385-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000010838523000044/wrld-20230718.htm
  HTML page:      https://secwatch.observer/filing/0000108385-23-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer