{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-023343","form_type":"8-K","ticker":"WRLD","cik":"0000108385","company_name":"WORLD ACCEPTANCE CORP","filed_at":"2025-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.296272+00:00","generated_at":"2026-05-18T01:56:30.130005+00:00","sec_items":["1.01","1.02","2.02","2.03","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"World Acceptance Q1 net income $1.3M ($0.25 EPS), revenue up 2.3%; new $640M credit facility, $100M buyback authorized","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-023343","json":"https://secwatch.observer/filing/0001437749-25-023343.json","markdown":"https://secwatch.observer/filing/0001437749-25-023343.md","text":"https://secwatch.observer/filing/0001437749-25-023343.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/108385/000143774925023343/0001437749-25-023343-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/108385/000143774925023343/wrld20250722_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T01:56:30.130005+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf64d5a08f552dbe2f64ce4ab49f778321a10393","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/108385/000143774925023343/0001437749-25-023343-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"aggregate commitments of the Lenders of $640.0 million, with an accordion feature that can increase the aggregate commit"},{"label":"Counterparty","value":"Bank of Montreal, as Administrative Agent and Collateral Agent"},{"label":"Maturity","value":"three-year senior secured asset-based credit facility"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}