secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2021-09-28T23:59:59+00:00
Accession:  0001157523-21-001168
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance prices $300M 7.000% senior notes due 2026 to repay revolver
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- $300M aggregate principal of 7.000% senior notes due November 1, 2026, priced on Sep 22, 2021.
- Net proceeds used to repay a portion of outstanding borrowings under the revolving credit facility.
- Credit facility commitments increased from $685M to $785M via ABL amendment on Sep 27, 2021.
- Notes are unsecured, guaranteed by certain existing subsidiaries; redeemable at make-whole prior to Nov 1, 2023.
- Offering closed on Sep 27, 2021; exempt from Securities Act registration (Rule 144A/Regulation S).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752321001168/0001157523-21-001168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752321001168/a52499058.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001168

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