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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
First Horizon Bank Leads $115MM Revolving Credit Facility for Standard Premium Finance
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Lenders/Participants
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First Horizon Bank [Lender]
Cadence Bank [Participant]
Flagstar Bank [Participant]
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Structure
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Revolving Credit Facility
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Amount
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$115.000
Million
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Borrower(s)
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Standard Premium Finance
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Description
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A revolving credit facility providing up to $115 million in borrowing capacity, incorporating an initial commitment of $75 million and an additional $40 million accordion feature. The syndication, led by First Horizon Bank, includes participation from Flagstar Bank and Cadence Bank, bringing together three institutions with more than $220 billion in combined assets. The agreement carries a substantially lower interest rate compared to prior agreements, leading to immediate cost savings.
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Industry
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Lender Finance
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Location
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FL
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| Related Tags |
Cadence Bank, First Horizon Bank, FLagstar Bank, Standard Premium Finance Holdings
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ABL Advisor
Deal Tables
2025
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