Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SOUTHERN FIRST BANCSHARES INC incurred revolving credit of $15,000,000 with TIB, National Association at The Wall Street Journal Prime Rate plus 0.25% per annum maturing 14 months from the closing date.
- Instrument
- revolving credit
- Principal
- $15,000,000
- Counterparty
- TIB, National Association
- Rate
- The Wall Street Journal Prime Rate plus 0.25% per annum
- Maturity
- 14 months from the closing date
- Event
- incurrence
Exact text from the filing
On December 28, 2023, Southern First Bancshares, Inc. (the "Company") entered into a Loan Agreement (the "Loan Agreement") with TIB, National Association (the "Lender") providing for a revolving multiple advances loan of up to an aggregate principal amount of $15,000,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
SOUTHERN FIRST BANCSHARES INC entered into Loan Agreement with TIB, National Association valued at $15,000,000 (effective 2023-12-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- TIB, National Association
- Value
- $15,000,000
- Effective
- 2023-12-28
Exact text from the filing
On December 28, 2023, Southern First Bancshares, Inc. (the "Company") entered into a Loan Agreement (the "Loan Agreement") with TIB, National Association (the "Lender") providing for a revolving multiple advances loan of up to an aggregate principal amount of $15,000,000.
View on SEC.gov