secwatch.observer — SEC 8-K summary
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Issuer:     GUARANTY BANCSHARES INC /TX/ (—)
CIK:        0001058867
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000950170-24-038960
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guaranty Bancshares renews $25M revolving credit line with Frost Bank through March 2025
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- Revolving $25M line extended to March 31, 2025; no outstanding balance as of renewal.
- Interest at prime rate with 3.50% floor, floating daily, payable quarterly starting July 15, 2024.
- Unsecured; Guaranty agrees not to pledge Guaranty Bank & Trust N.A. stock without Frost's consent.
- Proceeds for general corporate purposes, including acquisition financing and capital augmentation.
- New Loan Agreement supersedes the prior 2017 agreement between the parties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058867/000095017024038960/0000950170-24-038960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058867/000095017024038960/gnty-20240331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-038960

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