Heritage Insurance amends credit agreement: revolver raised to $75M, term loan maturity extended to 2026

Heritage Insurance Holdings, Inc.

Revolver increased from $50M to $75M; additional $13.75M term loan advance brings total term debt to $70M.
Term loan maturity extended from Dec 2023 to July 2026; amortization reduced.
Interest rate margins reduced: LIBOR loans now 2.5%-3.0% (previously 3.25%-3.75%); base rate 1.5%-2.0%.
Net proceeds used to repay ~$10M revolver balance and for general corporate purposes.
Negative covenants relaxed, providing more flexibility for the company.

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