---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-016920"
form_type: "8-K"
ticker: "AAME"
cik: "0000008177"
company_name: "ATLANTIC AMERICAN CORP"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:04:55.776909+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Atlantic American amends credit facility; maturity extended to 2027, net worth covenant set at $64.2M

## Summary
- Interest rate on revolving loans changed to Adjusted Term SOFR plus 2.00%.
- Maturity of revolving credit facility extended to March 22, 2027.
- New consolidated net worth covenant requires at least $64.2 million.
- Amendment entered with Truist Bank, effective March 22, 2024.
- Other existing terms of the Credit Agreement remain unchanged.

## SEC filing metadata
- accession: 0001140361-24-016920
- form_type: 8-K
- ticker: AAME
- cik: 0000008177
- company_name: ATLANTIC AMERICAN CORP
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8177/000114036124016920/0001140361-24-016920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8177/000114036124016920/ef20025683_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-016920
- JSON: https://secwatch.observer/filing/0001140361-24-016920.json
- Plain text: https://secwatch.observer/filing/0001140361-24-016920.txt

## Key facts
- Debt Financings
  ATLANTIC AMERICAN CORP amended revolving credit with Truist Bank at Adjusted Term SOFR rate plus 2.00% maturing March 22, 2027.
  - Instrument: revolving credit
  - Counterparty: Truist Bank
  - Rate: Adjusted Term SOFR rate plus 2.00%
  - Maturity: March 22, 2027
  - Event: amendment
  source text: On March 22, 2024, Atlantic American Corporation (the “Company”) entered into a First Amendment (the “Amendment”) to its Revolving Credit Agreement (as amended, the “Credit Agreement”) with Truist Bank as the lender (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036124016920/0001140361-24-016920-index.htm
- Material Agreements
  ATLANTIC AMERICAN CORP amended First Amendment with Truist Bank (effective 2024-03-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Truist Bank
  - Effective: 2024-03-22
  source text: On March 22, 2024, Atlantic American Corporation (the “Company”) entered into a First Amendment (the “Amendment”) to its Revolving Credit Agreement (as amended, the “Credit Agreement”) with Truist Bank as the lender (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/8177/000114036124016920/0001140361-24-016920-index.htm

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