secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000950170-24-047588
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024047588/0000950170-24-047588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024047588/tcbx-20240312.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-047588

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