secwatch.observer — SEC 8-K summary
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Issuer:     ATLANTIC AMERICAN CORP (AAME)
CIK:        0000008177
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0001140361-24-016920
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8177/000114036124016920/0001140361-24-016920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8177/000114036124016920/ef20025683_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-016920

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