debt
confidence high
sentiment positive
materiality 0.70
World Acceptance announces $300M senior notes offering, preliminary two-month results
WORLD ACCEPTANCE CORP
- Offers $300M senior notes due 2026 in private placement; proceeds to repay revolving credit facility.
- Preliminary two-month ended Aug 31, 2021: loan book growth ~$130.5M, consumer loans $1.35B.
- Annualized net charge-off rate 10.0%, down from 15.2% in same period last year.
- Average APR on portfolio declined to 49.7% as of Aug 31, 2021.