---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-047588"
form_type: "8-K"
ticker: "TCBX"
cik: "0001781730"
company_name: "Third Coast Bancshares, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:48:36.713218+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Third Coast Bancshares extends loan maturity to 2026, ups commitment to $55M

## Summary
- Maximum loan commitment increased from $50M to $55M; outstanding balance $43.875M.
- Maturity extended from Sep 10, 2024 to Mar 10, 2026.
- Interest rate set to WSJ Prime minus 0.625% with a 5.00% floor.
- Covenant amended: Bank's Tangible Equity Capital must stay at or above $350M.
- All pledged stock of Third Coast Bank remains as collateral.

## SEC filing metadata
- accession: 0000950170-24-047588
- form_type: 8-K
- ticker: TCBX
- cik: 0001781730
- company_name: Third Coast Bancshares, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781730/000095017024047588/0000950170-24-047588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781730/000095017024047588/tcbx-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047588
- JSON: https://secwatch.observer/filing/0000950170-24-047588.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047588.txt

## Key facts
- Debt Financings
  Third Coast Bancshares, Inc. amended credit facility of $55,000,000 with American National Bank & Trust at U.S. "Prime Rate" reported by The Wall Street Journal, less six hundred twenty-f maturing March 10, 2026.
  - Instrument: credit facility
  - Principal: $55,000,000
  - Counterparty: American National Bank & Trust
  - Rate: U.S. "Prime Rate" reported by The Wall Street Journal, less six hundred twenty-f
  - Maturity: March 10, 2026
  - Event: amendment
  source text: The Amendment, among other things, (i) extends the maturity date of the loan under the Loan Agreement from September 10, 2024 to March 10, 2026; (ii) increases the maximum commitment under the Loan Agreement from $50,000,000 to $55,000,000; (iii) amends the interest rate provision to provide that the interest rate per annum under the Loan Agreement shall be equal to the U.S. “Prime Rate” reported by The Wall Street Journal, less six hundred twenty-five thousandths percent (0.625%), subject a floor rate of five percent (5.00%); and (iv) modifies certain covenants under the Loan Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781730/000095017024047588/0000950170-24-047588-index.htm
- Material Agreements
  Third Coast Bancshares, Inc. amended Renewal, Extension and Modification of Loan with American National Bank & Trust valued at increases the maximum commitment under the Loan Agreement from $50,000,000 to $55,000,000 (effective 2024-03-12).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: American National Bank & Trust
  - Value: increases the maximum commitment under the Loan Agreement from $50,000,000 to $55,000,000
  - Effective: 2024-03-12
  source text: Effective March 12, 2024 (the “Effective Date”), Third Coast Bancshares, Inc. (the “Company”) entered into a Renewal, Extension and Modification of Loan (the “Amendment”) of the Loan Agreement, dated March 10, 2021, by and between the Company and American National Bank & Trust (the “Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781730/000095017024047588/0000950170-24-047588-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.