World Acceptance Corporation
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(Exact Name of Registrant as Specified in its Charter)
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South Carolina
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0-19599
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57-0425114
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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108 Frederick Street
Greenville, South Carolina 29607
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(Address of Principal Executive Offices)
(Zip Code)
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(864) 298-9800
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(Registrant’s Telephone Number, Including Area Code)
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Not Applicable
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(Former name or address, if changed from last report)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01.
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Entry into a Material Definitive Agreement.
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Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement of Registrant.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Date: April 7, 2015
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World Acceptance Corporation
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By:
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/s/ John L. Calmes, Jr.
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John L. Calmes, Jr.
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Vice President and Chief Financial Officer
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Exhibit Number
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Exhibit
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10.1
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Seventh Amendment to Amended and Restated Revolving Credit Agreement, dated as of April 6, 2015, among World Acceptance Corporation, the lender parties thereto, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent.
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Section 1.
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Amendments Effective Upon Seventh Amendment Closing.
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Collateral Performance Indicator
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Advance Rate
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Less than or equal to 18%
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85%
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Greater than 18% but less than or equal to 19%
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84%
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Greater than 19% but less than or equal to 20%
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83%
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Greater than 20% but less than or equal to 21%
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82%
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Greater than 21% but less than or equal to 22%
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81%
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Greater than 22% but less than or equal to 23%
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80%
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Greater than 23%
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79%
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Section 2.
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Conditions Precedent.
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Section 4.
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Miscellaneous.
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World Acceptance Corporation
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By
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A. Alexander McLean III, Chief Executive Officer
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Wells Fargo Bank, National Association, individually as a Lender and as Administrative Agent and Collateral Agent
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By
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William M. Laird, Senior Vice President
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Bank of America, N.A.
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By
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Name:
Title:
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BANK OF MONTREAL
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By
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Name:
Title:
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Capital One, National Association
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By
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Name:
Title:
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TD Bank, NA
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By
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Name:
Title:
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Texas Capital Bank, National Association
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By
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Name:
Title:
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First Tennessee Bank National Association
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By
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Name:
Title:
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Dated as of April 6, 2015.
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World Acceptance Corporation of Alabama
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World Acceptance Corporation of Missouri
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World Finance Corporation of Georgia
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World Finance Corporation of Louisiana
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World Acceptance Corporation of Oklahoma, Inc.
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World Finance Company of South Carolina, LLC
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World Finance Corporation of Tennessee
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WFC of South Carolina, Inc.
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World Finance Corporation of Illinois
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World Finance Corporation of New Mexico
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World Finance Company of Kentucky LLC
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World Finance Corporation of Colorado
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World Finance Corporation of Wisconsin
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WFC Services, Inc.
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World Finance Corporation of Texas
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World Finance Company of Indiana, LLC
World Finance Company of Mississippi, LLC
World Finance Company of Idaho, LLC
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By
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A. Alexander McLean III, its Chief Executive Officer
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WFC Limited Partnership
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By WFC of South Carolina, Inc.,
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as sole general partner
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By
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A. Alexander McLean III, its Chief Executive Officer
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