{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-000926","form_type":"8-K","ticker":"SMBK","cik":"0001038773","company_name":"SMARTFINANCIAL INC.","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.618963+00:00","generated_at":"2026-06-19T23:42:56.063420+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"SmartFinancial increases credit line to $35M, extends maturity to 2025, reprices at Prime-0.65%","bullets":["Revolving credit facility raised to $35M from $25M.","Maturity extended to February 1, 2025.","Interest rate set at Prime minus 0.65% with a 3.25% floor.","Amendment entered into on February 1, 2023 with ServisFirst Bank.","No Default or material adverse change representations reaffirmed."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-000926","json":"https://secwatch.observer/filing/0001558370-23-000926.json","markdown":"https://secwatch.observer/filing/0001558370-23-000926.md","text":"https://secwatch.observer/filing/0001558370-23-000926.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1038773/000155837023000926/0001558370-23-000926-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1038773/000155837023000926/smbk-20230201x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:42:56.063420+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":"74102ca575c02afa0749b1cb409daaa4cd64d4bc","claim":"SMARTFINANCIAL INC. amended revolving credit of up to $35.0 million with ServisFirst Bank at The Wall Street Journal Prime Rate minus 0.65% (65 bps) with a floor of 3.25% maturing February 1, 2025.","evidence_excerpt":"The Amendment and the Amended Revolving Note increase the maximum principal amount of the revolving line of credit to an amount of up to $35.0 million. The Amendment includes an extension of the maturity date to February 1, 2025, and a change to the variable interest rate to a rate equal to The Wall Street Journal Prime Rate minus 0.65% (65 bps) with a floor of 3.25%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1038773/000155837023000926/0001558370-23-000926-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $35.0 million"},{"label":"Counterparty","value":"ServisFirst Bank"},{"label":"Rate","value":"The Wall Street Journal Prime Rate minus 0.65% (65 bps) with a floor of 3.25%"},{"label":"Maturity","value":"February 1, 2025"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"ace171f4e543d2ee1896aeb999b1773928cdb70e","claim":"SMARTFINANCIAL INC. entered into Second Amendment to Loan and Security Agreement with ServisFirst Bank valued at up to $35.0 million (effective 2023-02-01).","evidence_excerpt":"On February 1, 2023, SmartFinancial, Inc. (the “ Company ”), a Tennessee corporation and the parent of SmartBank (the “ Bank ”), entered into a Second Amendment to Loan and Security Agreement (the “ Amendment ”) and related Amended and Restated Revolving Note (the “ Amended Revolving Note ”) which are in reference to the Company’s Loan and Security Agreement dated March 31, 2020, (the “ Agreement ”) and related revolving note with ServisFirst Bank (the “ Lender ”), pursuant to which Lender makes a revolving line of credit to the Company.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1038773/000155837023000926/0001558370-23-000926-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"ServisFirst Bank"},{"label":"Value","value":"up to $35.0 million"},{"label":"Effective","value":"2023-02-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}