---
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"
generated_at: "2026-06-10T01:34:00.663198+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Tiptree unit enters $125M credit facility; maturity extended to Oct 2026

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393726-23-000081
- JSON: https://secwatch.observer/filing/0001393726-23-000081.json
- Plain text: https://secwatch.observer/filing/0001393726-23-000081.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1393726/000139372623000081/0001393726-23-000081-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1393726/000139372623000081/0001393726-23-000081-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.