Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
MVB FINANCIAL CORP incurred credit facility of up to $20,000,000 with Raymond James Bank at 2.75%, plus the term secured overnight financing rate (SOFR) maturing third anniversary of the Credit Agreement.
- Instrument
- credit facility
- Principal
- up to $20,000,000
- Counterparty
- Raymond James Bank
- Rate
- 2.75%, plus the term secured overnight financing rate (SOFR)
- Maturity
- third anniversary of the Credit Agreement
- Event
- incurrence
Exact text from the filing
On Febru ary 24, 2 026, MVB Financial Corp. (“MVB”) entered into a Credit Agreement (the “Credit Agreement”), with Raymond James Bank, a Florida-chartered bank (“Raymond James Bank”). Under the Credit Agreement, Raymond James Bank has extended to MVB a senior revolving line of credit in the principal amount of up to $20,000,000 (the “Loan Amount”) for general corporate purposes, repayment of existing subordinated indebtedness and payment of all transaction fees, costs and expenses incurred in connection with the Credit Agreement. MVB may optionally prepay loans under the Credit Agreement, in whole or in part, at any time or from time to time without premium or penalty and is required to prepay certain amounts of the loan in the event of MVB’s disposition of affiliates or subsidiaries, or any capital-raise or refinancing of its indebtedness. The loan will terminate on the third anniversary of the Credit Agreement, unless accelerated earlier upon an event of default. The loans under the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MVB FINANCIAL CORP entered into Credit Agreement with Raymond James Bank valued at $20,000,000 (effective 2026-02-24).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Raymond James Bank
- Value
- $20,000,000
- Effective
- 2026-02-24
Exact text from the filing
On Febru ary 24, 2 026, MVB Financial Corp. (“MVB”) entered into a Credit Agreement (the “Credit Agreement”), with Raymond James Bank, a Florida-chartered bank (“Raymond James Bank”). Under the Credit Agreement, Raymond James Bank has extended to MVB a senior revolving line of credit in the principal amount of up to $20,000,000
View on SEC.gov