BBX Capital's Renin subsidiary amends TD Bank credit facility, boosts operating loan to $24M through Dec 2021

BBX Capital, Inc.

Operating loan limit increased from $20M to $24M through Dec 31, 2021; reverts to $20M thereafter.
Maximum total leverage ratio temporarily raised to 4.25x through Dec 2021, stepping down to 3.00x by July 2022.
Renin prohibited from making distributions to BBX Capital until July 1, 2022; then allowed if leverage <2.75x and no default.
One-time administration fee of $15,000 paid by Renin to TD Bank.
Amendment executed July 13, 2021; all other terms of original credit agreement unchanged.

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