World Acceptance eases fixed-charge coverage covenant in BMO-led revolving credit agreement amendment

Bank of Montreal
World Acceptance

Bank of Montreal

BMO

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World Acceptance

WRLD

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  • World Acceptance entered a consent and limited modification with Bank of Montreal, as agent, under its July 22, 2025 revolving credit agreement.
  • Deal temporarily loosens the fixed charge coverage covenant from 2.25x to 2.2x for the quarter ended March 31, 2026.
  • Covenant steps down to 2.1x for the quarter ending June 30, 2026, then rises to 2.15x for the quarter ending Sept. 30, 2026.
  • Requirement resets to 2.25x starting the quarter ending Dec. 31, 2026.


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