{"schema_version":"secwatch.filing_event.v1","accession":"0000038723-24-000059","form_type":"8-K","ticker":null,"cik":"0000038723","company_name":"1st FRANKLIN FINANCIAL CORP","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.602943+00:00","generated_at":"2026-06-04T03:03:47.892507+00:00","sec_items":["2.03","1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"1st Franklin Financial amends loan covenant to min EBITDA ratio of 1.25x; pays $69K fee","bullets":["Entered Seventh Amendment to Loan and Security Agreement with Wells Fargo as agent.","EBITDA Ratio covenant set at not less than 1.25 to 1.0, effective March 31, 2024.","Paid $69,000 amendment fee to lenders as condition of effectiveness.","Reconfirmed security interests, indebtedness, and no default or known claims.","Lenders include Wells Fargo, First Horizon Bank, and Renasant Bank."],"urls":{"canonical":"https://secwatch.observer/filing/0000038723-24-000059","json":"https://secwatch.observer/filing/0000038723-24-000059.json","markdown":"https://secwatch.observer/filing/0000038723-24-000059.md","text":"https://secwatch.observer/filing/0000038723-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000059/0000038723-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000059/na-20240401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:03:47.892507+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"030fc708ca84daa1b38a14dca7114598bfd2c6d9","claim":"1st FRANKLIN FINANCIAL CORP amended Seventh Amendment with Wells Fargo Bank, N.A. (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, 1 st Franklin Financial Corporation (the “Company”) entered into a Seventh Amendment (the “Seventh Amendment”) to the Amended and Restated Loan and Security Agreement dated as of November 19, 2019","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/38723/000003872324000059/0000038723-24-000059-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}