Company: SLDE
Filing Date: 2025-04-25
Form Type: DRS/A
Source: 0000950123-25-003716
Chunk: 253

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-04-25
Form: DRS/A
Chunk 253
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 the one or three month Secured Overnight Financing Rate (“SOFR”) plus a margin based on the debt-to-capitalratio. The interest payment is due quarterly in arrears on last business day of each quarter. The Credit Agreement contains affirmative and negative covenants as well as customary events of default. In addition, the Company must comply with certain financial and non-financialcovenants. The Company repaid this loan in full in June 2024 when the Company issued new debt. On May 3, 2023, in connection with the issuance of the credit facility, the Company incurred loan costs of $847. The Company amortizes these costs over the life of the facility using the straight-line method. Amortization of deferred loan costs is included in Interest expense in the Consolidated Statements of Operations. In June 2023, to mitigate cash flow effects of the $30 million commercial loan discussed above, the Company entered into an interest rate swap contract (the “Swap Contract”) with Regions Bank, as swap counterparty for an original notional amount of $30 million in loan principal that covers the period from June 30, 2023 through March 31, 2026. Under the Swap Transaction, the Company pays interest at a fixed rate of 4.46% and the swap counterparty pays interest on the notional principal portion for any portion of the floating interest rate that is greater than those rates. As of December 31, 2024 and 2023, the Swap Contract had a fair value of ($117) and ($296) and is recorded as a liability in the accompanying Consolidated Balance Sheets. The mark-to-marketloss of $179 and $296 is recorded in the accompanying Consolidated Statements of Operations for the year ended December 31, 2024 and 2023, as a component of Interest expense in the Consolidated Statements of Operations. For the years ended December 31, 2024 and 2023, interest expense was $3,754 and $2,401, including $1,042 and $187 of amortization of deferred loan costs, respectively. F-35

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) On June 25, 2024, the Company entered into a $40 million 5-year commercial loan agreement with a commercial bank. The loan is fully collateralized by assets of the Company. The Company may make voluntary prepayments