Loan & DebtAug 13, 2026, 04:47 PM
TWFG Expands Credit Facility to $125M, Extends Maturity to 2031
AI Summary
TWFG, Inc. has entered into an Amended and Restated Credit Agreement, expanding its revolving credit facility to $125 million and extending its maturity to August 12, 2031. The agreement also includes an uncommitted accordion feature, allowing the company to seek an additional $75 million in commitments, potentially increasing borrowing capacity to $200 million. This enhanced financial flexibility is intended to support the company's continued growth strategy, including potential acquisitions and investments in technology.
Key Highlights
- Expanded revolving credit facility to $125,000,000.
- Maturity date extended to August 12, 2031.
- Uncommitted accordion feature for an additional $75,000,000.
- Potential total borrowing capacity of $200,000,000.
- Interest rates based on Term SOFR Rate or Daily SOFR plus 1.75% to 2.75% margin.
- Secured by substantially all assets of the Borrower and Guarantors.
- The agreement includes financial covenants like minimum consolidated debt service coverage ratio and maximum consolidated leverage ratio.
Price Impact
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