World Acceptance amending revolver to permit notes offering

By Sara Rosenberg

New York, Sept. 21 – World Acceptance Corp. is amending its revolving credit facility to allow for the issuance of senior notes, according to a market source.

The company plans to sell $300 million of senior notes and use the proceeds to partially repay the outstanding balance under its ABL revolver due 2024 and pay related transaction fees and expenses.

World Acceptance is a Greenville, S.C.-based small-loan consumer finance company.

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