World Acceptance extends revolving credit facility by a year to 2020

By Wendy Van Sickle

Columbus, Ohio, June 1 – World Acceptance Corp. extended its revolving credit agreement to June 15, 2020 from June 15, 2019.

World Acceptance entered into the 12th amendment on Friday to its credit agreement dated Sept. 17, 2010 with Wells Fargo Bank, NA as administrative agent and collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also requires the use of deposit account control agreements in favor of the administrative agent in some circumstances and requires quarterly reports updating the schedule showing the company’s deposit accounts.

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

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