Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 297

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 297
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 (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 June 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 
           June 30, |     |        |     | Six Months Ended 
         June 30, |     |         |
|                                     |     |               2025 |     |   2024 |     |             2025 |     |    2024 |
| Interest expense - corporate debt   |     |             $7,671 |     | $5,887 |     |          $14,948 |     | $11,889 |
| Interest expense - asset based debt |     |                735 |     |  1,601 |     |            2,344 |     |   3,238 |
| Interest expense on debt            |     |             $8,406 |     | $7,488 |     |          $17,292 |     | $15,127 |

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 
 June 30, 2025 
            $— |
|:--------------------|:----|--------------:|
| 2026(1)             |     |        46,419 |
| 2027                |     |        50,000 |
| 2028                |     |             — |
| 2029                |     |             — |
| 2030 and thereafter |     |       275,000 |
| Total               |     |      $371,419 |

| (1) | The noted maturities entirely relate to asset based debt which is recourse only to specific assets and related cash flows and not recourse to Fortegra. |

The following narrative is