---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000988"
form_type: "8-K"
ticker: "SPFX"
cik: "0001807893"
company_name: "STANDARD PREMIUM FINANCE HOLDINGS, INC."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:44:08.667851+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Standard Premium Finance extends $45M revolver maturity to Nov 2025, swaps LIBOR for SOFR, cuts facility fee

## Summary
- Maturity extended to November 30, 2025; index rate changed from one-month LIBOR to one-month SOFR.
- Minimum Tangible Net Worth covenant set at $13.5M; prior $8.5M subordinated debt requirement removed.
- Annual facility fee reduced from 0.35% to 0.25% of committed amount ($45M).
- Applicable margin tiered based on Total Liabilities/Tangible Net Worth (starting at 2.75%).
- Borrower paid $112,500 amendment fee; all other material terms unchanged.

## SEC filing metadata
- accession: 0001553350-22-000988
- form_type: 8-K
- ticker: SPFX
- cik: 0001807893
- company_name: STANDARD PREMIUM FINANCE HOLDINGS, INC.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000988/0001553350-22-000988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000988/spfx_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000988
- JSON: https://secwatch.observer/filing/0001553350-22-000988.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000988.txt

## Key facts
- Material Agreements
  STANDARD PREMIUM FINANCE HOLDINGS, INC. amended Second Amendment to Loan Agreement with First Horizon Bank (effective 2022-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: First Horizon Bank
  - Effective: 2022-11-30
  source text: On November 30, 2022, the Borrower and the Lender entered into a Second Amendment to Loan Agreement ("Second Amendment"), which extended the maturity until November 30, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807893/000155335022000988/0001553350-22-000988-index.htm

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