World Acceptance obtains temporary covenant relief on credit facility through Sept 2026

WORLD ACCEPTANCE CORP

Fixed charge coverage covenant lowered to 2.20x (Mar 2026), 2.10x (Jun 2026), and 2.15x (Sep 2026), from 2.25x.
Consenting lenders received a fee of 0.03% of aggregate commitments for the modification.
Original 2.25x minimum covenant resumes for fiscal quarter ending Dec 31, 2026 and thereafter.
Company represents that no event of default exists after giving effect to the modification.

item 1.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0000108385-26-000011
form_type: 8-K
ticker: WRLD
cik: 0000108385
company_name: WORLD ACCEPTANCE CORP
filed_at: 2026-05-26T20:35:02+00:00
discovered_at: 2026-05-26T20:36:00.442846+00:00
generated_at: 2026-05-26T20:36:58.321537+00:00
sec_items: ["1.01", "9.01"]
event_type: debt
sentiment: negative
materiality_score: 0.5
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0000108385-26-000011
json_url: https://secwatch.observer/filing/0000108385-26-000011.json
markdown_url: https://secwatch.observer/filing/0000108385-26-000011.md
text_url: https://secwatch.observer/filing/0000108385-26-000011.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/108385/000010838526000011/0000108385-26-000011-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/108385/000010838526000011/wrld-20260522.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0000108385-26-000011

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.