Loan & DebtJul 1, 2026, 04:14 PM
World Acceptance increases revolving credit facility by $15M
AI Summary
World Acceptance Corporation expanded its revolving credit facility by $15.0 million through an Accordion Increase with Investar Bank, National Association. This action increased the total aggregate commitments under the Revolving Credit Agreement from $640.0 million to $655.0 million. The new commitment is on pari passu terms with existing obligations and required an upfront fee of 0.15% of the increased amount.
Key Highlights
- World Acceptance Corporation increased its revolving credit facility by $15.0 million.
- The Accordion Increase was provided by Investar Bank, National Association.
- Aggregate commitments under the Revolving Credit Agreement increased from $640.0 million to $655.0 million.
- The new commitment is subject to the same terms, including interest rate and maturity date, as existing loans.
- An upfront fee of 0.15% of the new commitment was paid to the Increasing Lender.
- The Accordion Increase became effective on June 29, 2026.
Price Impact
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