---
schema_version: "secwatch.filing_event.v1"
accession: "0000108385-24-000012"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T07:57:15.998107+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# World Acceptance relaxes credit covenants: fixed charge coverage floor to 2.00x, debt-to-net worth limit to 225%

## Summary
- Net Income Available for Fixed Charges ratio lowered from 2.25:1 to 2.00:1 for quarters ending Mar 31, 2024 through Dec 31, 2024.
- Total Debt to Consolidated Adjusted Net Worth covenant set at maximum 225% for remainder of credit agreement term.
- Amendment clarifies Electronic Chattel Paper conditions for inclusion in Borrowing Base; must satisfy defined criteria.

## SEC filing metadata
- accession: 0000108385-24-000012
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000010838524000012/0000108385-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000010838524000012/wrld-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000108385-24-000012
- JSON: https://secwatch.observer/filing/0000108385-24-000012.json
- Plain text: https://secwatch.observer/filing/0000108385-24-000012.txt

## Key facts
- Material Agreements
  WORLD ACCEPTANCE CORP amended Twelfth Amendment with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent (effective 2024-02-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent
  - Effective: 2024-02-28
  source text: On February 28 th , 2024, World Acceptance Corporation (the “Company”) entered into the Twelfth Amendment to its Amended and Restated Revolving Credit Agreement (the “Twelfth Amendment”), among the Company, the lenders named therein, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/108385/000010838524000012/0000108385-24-000012-index.htm

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