World Acceptance Corp enters $175M warehouse facility for consumer loans

WORLD ACCEPTANCE CORP

Revolving $175M facility secured by consumer loan receivables; advance rate 75% (70% on trigger event).
Interest rate: Adjusted Term SOFR + 3.00% margin, floor 1%; Step-Up Margin up to 2.50% after default.
Revolving period ends September 29, 2027; legal final maturity 12 months later.
Recourse limited to repurchase or substitute ineligible receivables; servicer must maintain delinquency and charge-off ratios.
Borrower paid upfront fee; prepayment allowed without penalty except breakage costs and exit fee.

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