World Acceptance enters $175 million revolving warehouse credit facility
World Acceptance Corporation and its subsidiary WFC Receivables I, LLC entered into a Credit Agreement dated September 29, 2025, providing a revolving $175 million warehouse facility secured by consumer loan receivables originated by certain company subsidiaries. The facility gives the company a funding source backed by its consumer loans, with a revolving period ending September 29, 2027, and includes servicing covenants and default terms that could lead to servicer replacement or accelerated repayment.
Key points
- Facility size is $175 million, with a total advance rate of 75.00%, or 70.00% during a Level I Trigger Event.
- Loans bear interest at Adjusted Term SOFR plus a 3.00% margin, with a 1.00% floor and a 0.50% unused commitment fee rate.
- The revolving period runs to September 29, 2027; monthly payments begin November 15, 2025.
- Atlas Securitized Products Administration, L.P. serves as administrative agent for the lenders.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 03, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.