Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TIPTREE INC. incurred revolving credit of $125.0 million with Fifth Third Bank, National Association at base rate plus an applicable interest margin or the term secured overnight finan maturing October 2026.
- Instrument
- revolving credit
- Principal
- $125.0 million
- Counterparty
- Fifth Third Bank, National Association
- Rate
- base rate plus an applicable interest margin or the term secured overnight finan
- Maturity
- October 2026
- Event
- incurrence
Exact text from the filing
On October 6, 2023, South Bay Financial Corporation (“SBAC”) and South Bay Funding LLC (“SBF”; together with SBAC (the “Borrowers”), subsidiaries of The Fortegra Group, Inc. (“Fortegra”) (a subsidiary of Tiptree Inc.), entered into a three-year $125.0 million secured credit agreement
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TIPTREE INC. entered into New Credit Agreement with Fifth Third Bank, National Association valued at $125.0 million (effective 2023-10-06).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Fifth Third Bank, National Association
- Value
- $125.0 million
- Effective
- 2023-10-06
Exact text from the filing
On October 6, 2023, South Bay Financial Corporation (“SBAC”) and South Bay Funding LLC (“SBF”; together with SBAC (the “Borrowers”), subsidiaries of The Fortegra Group, Inc. (“Fortegra”) (a subsidiary of Tiptree Inc.), entered into a three-year $125.0 million secured credit agreement (the “New Credit Agreement”) with the lenders from time to time party thereto and Fifth Third Bank, National Association (“Fifth Third” or the “Administrative Agent”), as the administrative agent.
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