8-K
filed February 10, 2025, 6:59 PM ET
ticker TIPT
CIK 0001393726
debt
confidence high
sentiment neutral
materiality 0.70
Tiptree subsidiary enters $75M secured credit facility; Fortress as agent, 3-yr term
TIPTREE INC.
- Tiptree Holdings LLC borrowed $75M from Fortress Credit Corp and other lenders on Feb 7, 2025.
- Loan matures in 3 years; interest at Term SOFR (min 1%) + 5.25%, quarterly amortization.
- Secured by 50% of Fortegra Group common stock owned by Tiptree; remaining 50% unpledged.
- Proceeds for working capital and general corporate purposes; financial covenant limits Term Loan LTV to 45%.
- Mandatory prepayment from any sale of Fortegra stock; no pledging of unpledged Fortegra shares for 18 months.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001393726-25-000007
- form_type
- 8-K
- ticker
- TIPT
- cik
- 0001393726
- company_name
- TIPTREE INC.
- filed_at
- 2025-02-10T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:03.510488+00:00
- generated_at
- 2026-05-26T23:57:47.525080+00:00
- sec_items
- ["1.01", "2.03", "9.01"]
- event_type
- debt
- sentiment
- neutral
- materiality_score
- 0.7
- calibrated_materiality_score
- 0.7
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001393726-25-000007
- json_url
- https://secwatch.observer/filing/0001393726-25-000007.json
- markdown_url
- https://secwatch.observer/filing/0001393726-25-000007.md
- text_url
- https://secwatch.observer/filing/0001393726-25-000007.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1393726/000139372625000007/0001393726-25-000007-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1393726/000139372625000007/tipt-20250207.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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