---
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"
generated_at: "2026-06-19T23:42:56.063420+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# SmartFinancial increases credit line to $35M, extends maturity to 2025, reprices at Prime-0.65%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000926
- JSON: https://secwatch.observer/filing/0001558370-23-000926.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000926.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $35.0 million
  - Counterparty: ServisFirst Bank
  - Rate: The Wall Street Journal Prime Rate minus 0.65% (65 bps) with a floor of 3.25%
  - Maturity: February 1, 2025
  - Event: amendment
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837023000926/0001558370-23-000926-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: ServisFirst Bank
  - Value: up to $35.0 million
  - Effective: 2023-02-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837023000926/0001558370-23-000926-index.htm

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