Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 260

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 260
---
 LOTS Intermediate Co., as borrowers, the lenders from time to time party thereto, certain of FFC’s subsidiaries, as guarantors, and Fifth Third Bank, National Association, as the administrative agent and issuing lender (the “Fortegra Credit Agreement”). The Fortegra Credit Agreement provides for a $200,000 revolving credit facility, all of which is available for the issuance of letters of credit, with a sub-limit of $25,000 for swing loans and matures on October 1, 2027. As of December 31, 2024, the Company was in compliance with the covenants required under the terms of the borrowing. Junior Subordinated Notes On October 16, 2017, FFC issued $125,000 of 8.50% Fixed Rate Resetting Junior Subordinated Notes due October 2057 (the “2017 Notes”). Substantially all of the net proceeds of the 2017 Notes were used to repay the then existing secured credit agreement, which was terminated thereafter. On November 7, 2024, the Company issued $150,000 of 9.25% Fixed Rate Resetting Junior Subordinated Notes due November 2064 (the “2024 Notes”). The proceeds of the 2024 Notes were used to repay outstanding indebtedness under the Company’s credit agreement, for insurance company growth capital and general corporate purposes. Beginning on November 15, 2029, the Company may redeem the 2024 Notes at par plus accrued and unpaid interest. Effective November 15, 2034, interest on the 2024 Notes will accrue at the Five-Year Treasury Rate plus 8.72%, and may be subject to additional interest charges if the rating on the 2024 Notes is downgraded to a Kroll Bond Rating Agency rating below BBB-. Each of the 2017 Notes and 2024 Notes are unsecured obligations of the issuer and rank in right of payment and upon liquidation, junior to all of the issuer’s current and future senior indebtedness. The 2017 Notes and 2024 Notes are pari passuwith each other. The 2017 Notes are guaranteed by FFC, and the 2024 Notes are guaranteed jointly and severally by certain subsidiaries of the Company. So long as no event of default has occurred and is continuing, all

155

#### TABLE OF CONTENTS

#### THE FORTEGRA GROUP, INC. AND SUBSIDIARIES

### Notes to Consolidated Financial Statements

####