debt
confidence high
sentiment neutral
materiality 0.40
SmartFinancial extends $35M revolving credit line with ServisFirst to May 2027
SMARTFINANCIAL INC.
- Maturity date extended to May 1, 2027 under Third Amendment to Loan and Security Agreement.
- Revolving line principal remains $35 million, unchanged from prior agreements.
- Amendment replaces previous amendments from September 2021 and February 2023.
- No changes to interest rate or other material terms are disclosed.
- Loan continues to be secured by pledged stock under the March 2020 Pledge Agreement.