Southern First Bancshares enters $15M revolving credit facility with SouthState Bank

SOUTHERN FIRST BANCSHARES INC

Revolving credit line of up to $15M, matures December 20, 2023.
Variable interest rate: One Month CME Term SOFR + 3.50%.
Company must maintain at least $3.0M in liquid assets during term.
Zero principal outstanding at signing on December 21, 2021.
Amends and restates prior June 2020 credit agreement.

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