secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001206774-24-000008
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Bancshares enters $15M revolving credit facility with TIB, replaces matured facility
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- Revolving loan of up to $15M; interest at WSJ Prime plus 0.25% per annum.
- Maturity 14 months from closing; interest-only payments quarterly.
- Loan secured by pledge of all capital stock of Southern First Bank subsidiary.
- Replaces a similar facility that matured on December 20, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677424000008/0001206774-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677424000008/sfst4282901-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer