WORLD ACCEPTANCE CORP (WRLD): debt financing — World Acceptance Q1 net income $1.3M ($0.25 EPS), revenue up 2.3%; new $640M credit facility, $100M buyback authorized

WORLD ACCEPTANCE CORP

2026-Q1 EPS reported $0.25 revenue$132,451,920

Q1 net income $1.3M ($0.25 diluted EPS) vs $9.9M ($1.79) YoY; revenue $132.5M (+2.3% YoY).
Provision for credit losses $50.5M, up $5.1M YoY; net charge-offs 19.4% annualized vs 16.4%.
Gross loans $1.26B, down 0.8% YoY but up 3.2% sequentially; customer base +4.0% YoY.
Entered new 3-yr $640M senior secured asset-based credit facility (accordion to $790M); terminates prior $730M facility.
Redeeming all $168.3M 7% senior secured notes due 2026 at 101.75% of par; Board authorized $100M share buyback.

item 1.01 item 1.02 item 2.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

WORLD ACCEPTANCE CORP incurred revolving credit of aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commit with Bank of Montreal, as Administrative Agent and Collateral Agent maturing three-year senior secured asset-based credit facility.

Instrument: revolving credit
Principal: aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commit
Counterparty: Bank of Montreal, as Administrative Agent and Collateral Agent
Maturity: three-year senior secured asset-based credit facility
Event: incurrence

Exact text from the filing

the Company’s Prior Credit Facility (as defined in Item 1.02 below). The Revolving Credit Agreement provides, among other things, aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commitments by $150.0 million (for a total commitment, if the full accordion is borrowed, of $790.0 million). The

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Source: SEC EDGAR

accession 0001437749-25-023343

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