Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 260

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 260
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 63,699 |     |   67,138 |
| Total debt, face value                                          |     |            373,699 |     |  357,138 |
| Unamortized deferred financing costs                            |     |            -14,957 |     |   -8,950 |
| Total debt, net                                                 |     |           $358,742 |     | $348,188 |

| (1) | The secured credit agreements include separate tranches with multiple rate structures which are adjustable based on the Company’s senior leverage ratio, which as of December 31, 2024 was SOFR + 1.50%. |

| (2) | Previously based on 3-month LIBOR, now using SOFR plus the tenor spread adjustment of 0.26161%, in accordance with the Adjustable Interest Rate (LIBOR) Act of 2021. |

| (3) | Asset based debt is generally recourse only to specific assets and related cash flows and is not recourse to Fortegra. |

The following table presents the amount of interest expense the Company incurred on its debt for the following periods:

|                                     |     | For the Year Ended 
       December 31, 
               2024 |     |    2023 |
|:------------------------------------|:----|-------------------:|:----|--------:|
| Interest expense - corporate debt   |     |            $24,145 |     | $19,531 |
| Interest expense - asset based debt |     |              6,102 |     |   6,305 |
| Interest expense on debt            |     |            $30,247 |     | $25,836 |

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TABLE OF CONTENTS

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2024 & 2023 (in thousands, unless otherwise noted) The following table presents the future maturities of the unpaid principal balance on the Company’s debt for the following periods:

| 2025                |     |        As of 
 December 31, 
         2024 
           $— |
|:--------------------|:----|-------------:|
| 2026(1)             |     |       63,699 |
| 2027                |     |            — |
| 2028                |     |            — |
| 2029                |     |            — |
| 2030 and thereafter |     |