Form 8-K

8-K — WORLD ACCEPTANCE CORP

Accession: 0000108385-26-000022

Filed: 2026-07-01

Period: 2026-06-29

CIK: 0000108385

SIC: 6141 (PERSONAL CREDIT INSTITUTIONS)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Financial Statements and Exhibits

Documents

8-K — wrld-20260629.htm (Primary)

EX-10.1 (accordionincrease.htm)

EX-10.2 (revolvingcreditnote.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: wrld-20260629.htm · Sequence: 1

wrld-20260629

June 29, 2026False000010838500001083852022-05-032022-05-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________

FORM 8-K

__________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 29, 2026

Commission File Number: 000-19599

WORLD ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter.)

South Carolina

57-0425114

(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number)

104 S Main Street

Greenville, South Carolina 29601

(Address of principal executive offices)

(Zip Code)

(864) 298-9800

(registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered

Common Stock, no par value WRLD The NASDAQ Stock Market LLC

(NASDAQ Global Select Market)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 1.01. Entry into a Material Definitive Agreement

Accordion Increase to Revolving Credit Facility

On June 29, 2026, World Acceptance Corporation (the “Company”) entered into an Accordion Increase (the “Accordion Increase”) under its Revolving Credit Agreement, dated as of July 22, 2025 (as amended, restated, supplemented or otherwise modified from time to time, the “Revolving Credit Agreement”), by and among the Company, the lenders from time to time party thereto, and Bank of Montreal, as Administrative Agent and Collateral Agent.

Pursuant to Section 2.14 (Accordion Facility) of the Revolving Credit Agreement, the Company requested, and Investar Bank, National Association (the “Increasing Lender”) agreed to provide, an Accordion Increase in the amount of $15.0 million, to be effected through a new Commitment of $15.0 million from the Increasing Lender. After giving effect to the Accordion Increase, the Commitment of the Increasing Lender is $15.0 million, and the aggregate Commitments of all lenders under the Revolving Credit Agreement increased from $640.0 million to $655.0 million.

The Accordion Increase constitutes additional Obligations that are secured and guaranteed on a pari passu basis with the other Obligations under the Revolving Credit Agreement and is subject to the same terms (including interest rate and maturity date) as the existing Loans under the Revolving Credit Agreement. In connection with the Accordion Increase, the Company agreed to pay the Increasing Lender an upfront fee equal to 0.15% of the Increasing Lender’s Commitment, payable on the effective date of the Accordion Increase. Effectiveness of the Accordion Increase was conditioned upon, among other things, payment of such upfront fee and satisfaction of the conditions set forth in Section 2.14 of the Revolving Credit Agreement. Each of the capitalized terms used and not defined herein has the meaning set forth in the Revolving Credit Agreement.

In connection with the Accordion Increase, on June 29, 2026, the Company issued a Revolving Credit Note in favor of the Increasing Lender in the principal amount of $15.0 million (the “Note”), evidencing Loans made by the Increasing Lender to the Company under its Commitment pursuant to the Revolving Credit Agreement.

The foregoing descriptions of the Accordion Increase and the Note are only summaries, do not purport to be complete, and are qualified in their entirety by reference to the full text of the Accordion Increase and the Note, which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

Exhibit

Number Exhibit Description

10.1

Accordion Increase, dated June 29, 2026, among World Acceptance Corporation, Investar Bank, National Association, and Bank of Montreal, as Administrative Agent and Collateral Agent

10.2

Revolving Credit Note, dated June 29, 2026, issued by World Acceptance Corporation in favor of Investar Bank, National Association

10.4 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WORLD ACCEPTANCE CORPORATION

By: /s/ John L. Calmes, Jr.

John L. Calmes, Jr.

Executive Vice President and Chief Financial and Strategy Officer

Date: June 29, 2026

EX-10.1

Filename: accordionincrease.htm · Sequence: 2

Document

Accordion Increase

June 29, 2026

To: Bank of Montreal, as Administrative Agent

Ladies and Gentlemen:

The undersigned, World Acceptance Corporation, as Borrower, hereby refers to the Revolving Credit Agreement dated as of July 22, 2025 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Areement”), among Borrower, the Lenders party thereto, and Bank of Montreal, as Administrative Agent and Collateral. All capitalized terms used herein without definition shall have the same meanings herein as such terms have in the Credit Agreement.

Pursuant to Section 2.14 of the Credit Agreement (Accordion Facility), the Borrower hereby requests an Accordion Increase in the amount of $15,000,000 (the “Specified Increase”), to be effected by a new Commitment of $15,000,000.00 from Investar Bank, National Association (the “Increasing Lender”).

After giving effect to the Specified Increase, (i) the Commitment of the Increasing Lender shall be $15,000,000.00 and (ii) the aggregate Commitments of all Lenders shall be $655,000,000.00. In connection with the Specified Increase, the Borrower hereby acknowledges and agrees as follows:

(a)the Specified Increase constitutes additional Obligations which are secured and guaranteed with the other Obligations on a pari passu basis by the Collateral;

(b)the Specified Increase is subject to the same terms (including interest rate and maturity date) as the existing Loan;

(c)no Default or Event of Default has occurred and is continuing or shall arise as a result of the Specified Increase; and

(d)the Borrower has delivered to the Administrative Agent a certificate demonstrating that, after giving effect to the Specified Increase, on a pro forma basis, the Borrower will be in compliance with all financial covenants set forth in the Credit Agreement.

This Accordion Increase and the rights and duties of the parties hereto shall be construed and determined in accordance with the internal laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York general obligations law).

By signing below, the Increasing Lender (i) confirms that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Accordion Increase; (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent to take such action as Administrative Agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; (iv) appoints and authorizes the Collateral Agent to take such action as Collateral Agent on its behalf and to exercise such powers under the Collateral Documents and the other Loan Documents as are delegated to the Collateral Agent by the terms thereof, together with such powers as are reasonably incidental thereto; (v) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender; and (vi) specifies as its lending office (and address for notices) the offices set forth on its Administrative Questionnaire.

To induce the Increasing Lender to enter into the Specified Increase and join the Credit Agreement, the Borrower shall pay to the Increasing Lender, for its own use and benefit, an upfront fee in an amount equal to 0.15% of the Increasing Lender’s Commitment on the Increase Effective Date (as defined below). Such upfront fee is is due and payable by the Borrower on the Increase Effective Date, fully earned when due and non-refundable when paid.

The fees provided for in this Accordion Increase are in addition to any fees that may be agreed upon by the Borrower, the Administrative Agent and/or the Lenders in any other agreement, including the Fee Letter and the Loan Documents.

The Specified Increase shall be effective as of June 29, 2026 (the “Increase Effective Date”). It shall be a condition to the effectiveness of the Specified Increase that (x) the Increasing Lender Upfront Fee shall have been paid to the Increasing Lender as set forth above and (y) all conditions referred to in Section 2.14 of the Credit Agreement shall have been satisfied. Upon effectiveness of the Specified Increase, the Increasing Lender shall be a party to the Credit Agreement and have the rights and obligations of a Lender thereunder.

[Signature Page to Follow]

Please indicate your acknowledgment to the Specified Increase by signing the enclosed copy of this Accordion Increase in the space provided below.

Very truly yours,

World Acceptance Corporation, as Borrower

By____________________________________

Name_________________________________

Title__________________________________

Investar Bank, National Association

By____________________________________

Name_________________________________

Title__________________________________

Acknowledged and Agreed.

Bank of Montreal, as Administrative Agent and

Collateral Agent

By____________________________________

Name: Daniel A. Ryan

Title: Director

EX-10.2

Filename: revolvingcreditnote.htm · Sequence: 3

Document

Revolving Credit Note

U.S. $15,000,000.00 June 29, 2026

For Value Received, the undersigned, World Acceptance Corporation, a South Carolina corporation (the “Borrower”), promises to pay to Investar Bank, National Association (the “Lender”) or its registered assigns on the Termination Date of the hereinafter defined Credit Agreement, at the main office of Bank of Montreal, as Administrative Agent (the “Administrative Agent”), in Chicago, Illinois (or such other location as the Administrative Agent may designate to the Borrower), in immediately available funds, the principal sum of $15,000,000.00 or, if less, the aggregate unpaid principal amount of all Loans made by the Lender to the Borrower under its Commitment pursuant to the Credit Agreement and with each such Loan to mature and become payable as provided in the Credit Agreement, together with interest on the principal amount of each such Loan from time to time outstanding hereunder at the rates, and payable in the manner and on the dates, specified in the Credit Agreement.

This Note is one of the Notes referred to in the Revolving Credit Agreement dated as of July 22, 2025, among the Borrower, the Lenders party thereto, and the Administrative Agent, as amended (the “Credit Agreement”) and payment hereof is secured by the Loan Documents, and this Note and the holder hereof are entitled to all the benefits provided for thereby or referred to therein, to which Credit Agreement and Loan Documents reference is hereby made for a statement thereof. All defined terms used in this Note, except terms otherwise defined herein, shall have the same meaning as in the Credit Agreement. This Note shall be governed by and construed in accordance with the laws of the State of New York.

Prepayments may be made hereon, certain prepayments are required to be made hereon and this Note may be declared due prior to the expressed maturity hereof, all in the events, on the terms and in the manner as provided for in the Credit Agreement and Collateral Documents.

The Borrower hereby waives demand, presentment, protest or notice of any kind hereunder.

WORLD ACCEPTANCE CORPORATION

By: /s/ John L. Calmes, Jr.

John L. Calmes, Jr.

Executive Vice President and Chief Financial and Strategy Officer

Date: June 29, 2026

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