debt
confidence high
sentiment neutral
materiality 0.50
Standard Premium Finance Holdings increases revolving credit facility to $45M from $35M
STANDARD PREMIUM FINANCE HOLDINGS, INC.
- Borrowing capacity increased to $45M from $35M under secured revolving credit facility with First Horizon Bank.
- Maximum total balance sheet leverage ratio set at 3.5:1, tested quarterly.
- Carl Christian Hoechner added as an individual guarantor under the loan agreement.
- Amendment dated October 5, 2021, effective immediately; all other terms unchanged.