Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 294

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 294
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%)                  |     |        41,287 |     |       63,699 |
| Total asset based debt                                          |     |        41,287 |     |       63,699 |
| Total debt, face value                                          |     |       371,287 |     |      373,699 |
| Unamortized deferred financing costs                            |     |       -14,136 |     |      -14,957 |
| Total debt, net                                                 |     |      $357,151 |     |     $358,742 |

| (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 September 30, 2025 was SOFR + 1.50%. |

| (2) | Previously based on 3-month LIBOR, effective October 1, 2024 based on 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:

|                                     |     | Three Months Ended 
      September 30, |     |        |     | Nine Months Ended 
     September 30, |     |         |
|                                     |     |               2025 |     |   2024 |     |              2025 |     |    2024 |
| Interest expense - corporate debt   |     |             $7,252 |     | $5,603 |     |           $22,200 |     | $17,492 |
| Interest expense - asset based debt |     |              1,009 |     |  1,570 |     |             3,353 |     |   4,808 |
| Interest expense on debt            |     |             $8,261 |     | $7,173 |     |           $25,553 |     | $22,300 |

The following table presents the future maturities of the unpaid principal balance on the Company’s debt for the following periods:

| Remainder of 2025   |     |         As of 
 September 30, 
          2025 
            $— |
|:--------------------|:----|--------------: