World Acceptance buys back $5 million 3% convertibles

By Angela McDaniels

Tacoma, Wash., Jan. 28 - World Acceptance Corp. repurchased and cancelled $5 million of its $110 million 3% convertible subordinated notes due 2011 in December, according to its earnings release for the fiscal third quarter ended Dec. 31.

The repurchase resulted in an after-tax gain of $1.5 million.

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

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