{"schema_version":"secwatch.filing_event.v1","accession":"0000108385-25-000089","form_type":"8-K","ticker":"WRLD","cik":"0000108385","company_name":"WORLD ACCEPTANCE CORP","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.753175+00:00","generated_at":"2026-05-17T04:41:48.251257+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"World Acceptance Corp enters $175M warehouse facility for consumer loans","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000108385-25-000089","json":"https://secwatch.observer/filing/0000108385-25-000089.json","markdown":"https://secwatch.observer/filing/0000108385-25-000089.md","text":"https://secwatch.observer/filing/0000108385-25-000089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108385/000010838525000089/0000108385-25-000089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108385/000010838525000089/wrld-20250929.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:41:48.251257+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}