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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
First Horizon Bank Upsizes Credit Facility to $50MM for Standard Premium Finance
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Lenders/Participants
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First Horizon Bank [Lender]
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Structure
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Revolving Line of Credit
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Amount
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$50.000
Million
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Borrower(s)
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Standard Premium Finance Holdings
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Description
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The amended line of credit, effective since May 21, 2025, marks the fourth modification to the loan agreement since its inception in 2021. The increased commitment comes at a pivotal time for the Company, which continues to see rising demand for flexible premium financing solutions amid record breaking growth, including a 24.9% year-over-year revenue increase. Additionally, net income surged 84.1% in FY 2024, while loan originations rose 14%. In Q1 2025, earnings per share increased 230% as the Company improved profitability and reduced operating expenses by 7.8% year-over-year.
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Industry
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Lender Finance
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| Related Tags |
First Horizon Bank, Lender Finance
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ABL Advisor
Deal Tables
2025
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