Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
STANDARD PREMIUM FINANCE HOLDINGS, INC. amended credit facility of $75,000,000 with an additional uncommitted $40,000,000 accordion feature for a total of $115,000,000 with First Horizon Bank, Flagstar Bank and Cadence Bank at 210 bps from a range of 255 – 296 bps maturing September 25, 2028.
- Instrument
- credit facility
- Principal
- $75,000,000 with an additional uncommitted $40,000,000 accordion feature for a total of $115,000,000
- Counterparty
- First Horizon Bank, Flagstar Bank and Cadence Bank
- Rate
- 210 bps from a range of 255 – 296 bps
- Maturity
- September 25, 2028
- Event
- amendment
Exact text from the filing
On September 25, 2025, Standard Premium Finance Holdings, Inc., a Florida corporation (the “Company”), through its wholly-owned subsidiary, Standard Premium Finance Management Corporation (the “Borrower”) entered into a Fifth Amendment to Loan Agreement and Omnibus Amendment to Loan Documents (the “Amendment”) with First Horizon Bank, Flagstar Bank and Cadence Bank, which increased the maximum aggregate borrowing capacity under the Loan Agreement to $75,000,000 with an additional uncommitted $40,000,000 accordion feature for a total of $115,000,000. The Amendment also reduced the interest rate margin to 210 bps from a range of 255 – 296 bps. Additionally, the Amendment extended the maturity date of the loan to September 25, 2028.
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