{"schema_version":"secwatch.filing_event.v1","accession":"0001393726-23-000081","form_type":"8-K","ticker":"TIPT","cik":"0001393726","company_name":"TIPTREE INC.","filed_at":"2023-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.847659+00:00","generated_at":"2026-06-10T01:34:00.663198+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Tiptree unit enters $125M credit facility; maturity extended to Oct 2026","bullets":["SBAC and SBF, subsidiaries of Fortegra (Tiptree), entered $125M secured credit facility with Fifth Third Bank.","Facility extends maturity from Oct 2023 to Oct 2026; revolving commitments increased from $100M to $125M.","Includes $20M revolver for SBAC and $105M revolver for SBF; sub-limits for swing loans.","Proceeds for working capital, capex, permitted acquisitions, and general corporate purposes.","Obligations are non-recourse to Fortegra and its subsidiaries (except SBAC and its subs)."],"urls":{"canonical":"https://secwatch.observer/filing/0001393726-23-000081","json":"https://secwatch.observer/filing/0001393726-23-000081.json","markdown":"https://secwatch.observer/filing/0001393726-23-000081.md","text":"https://secwatch.observer/filing/0001393726-23-000081.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393726/000139372623000081/0001393726-23-000081-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393726/000139372623000081/tipt-20231006.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T01:34:00.663198+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e2ff6229d6d0adecb153c2bc87199b2afb4eb3de","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393726/000139372623000081/0001393726-23-000081-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$125.0 million"},{"label":"Counterparty","value":"Fifth Third Bank, National Association"},{"label":"Rate","value":"base rate plus an applicable interest margin or the term secured overnight finan"},{"label":"Maturity","value":"October 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"37cc2994155afc03f1deae10526386e5b11ef4a7","claim":"TIPTREE INC. entered into New Credit Agreement with Fifth Third Bank, National Association valued at $125.0 million (effective 2023-10-06).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393726/000139372623000081/0001393726-23-000081-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Fifth Third Bank, National Association"},{"label":"Value","value":"$125.0 million"},{"label":"Effective","value":"2023-10-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}