Atlantic American Corp Amends Credit Agreement, Extends Financial Deadlines

Key Highlights

• Atlantic American Corp entered into a Fourth Amendment to its Credit Agreement with Truist Bank.
• The Fourth Amendment extended deadlines for delivering audited 2025 financial statements to Oct 15, 2026 and interim 2026 statements to Nov 30, 2026.
• A Fifth Amendment and Waiver further extended the deadline for 2025 audited financials to Oct 23, 2026.
• The Fifth Amendment also lowered the minimum AM Best rating for American Southern Insurance Company to 'A-' and waived related defaults.
• The company experienced defaults related to insurance ratings and notice requirements, which were waived by the lender.