---
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"
generated_at: "2026-05-17T04:41:48.251257+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- 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/108385/000010838525000089/0000108385-25-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000010838525000089/wrld-20250929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000108385-25-000089
- JSON: https://secwatch.observer/filing/0000108385-25-000089.json
- Plain text: https://secwatch.observer/filing/0000108385-25-000089.txt

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