Company: SLDE
Filing Date: 2025-03-10
Form Type: DRS/A
Source: 0000950123-25-003025
Chunk: 252

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-10
Form: DRS/A
Chunk 252
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 Financing Rate (“SOFR”) based on the consolidated leverage ratio as defined in F-34

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) the agreement. The interest payment is due quarterly in arrears on the last business day of each quarter. The Credit Facility contains affirmative and negative covenants as well as customary events of default. In addition, the Company must comply with certain financial and non-financialcovenants and agree to pay a fee equal to the product of the unused line fee rate and the average of the daily unused available credit balances of the revolving credit facility. The unused line fee rate is 0.5%. The Credit Facility matures on June 25, 2029. At December 31, 2024, the Company had no borrowings outstanding under the revolving credit facility. At December 31, 2024, the Company was in compliance with all required covenants and had available borrowing capacity of $10 million. At December 31, 2024, the Company had no borrowings outstanding under the delayed draw term loan credit facility. At December 31, 2024, the Company was in compliance with all required covenants and had available borrowing capacity of $125 million.

| 13. | Long-Term Debt |

On March 31, 2022, in conjunction with the acquisition of SJIG Target LLC, the Company entered into a $15 million 10-yearcommercial loan agreement with a commercial bank. The loan is fully collateralized by assets of the Company. The Company repaid the loan in full on May 3, 2023. On March 31, 2022, in connection with the acquisition of SJIG Target LLC, the Company issued $10 million of 5-yearpromissory notes at 0% interest with the former owners of SJIG Target LLC. On May 10, 2022, as part of the Clegg acquisition, the Company issued $1.484 million of long-term debt. The loan is for a term of 10 years at 4% interest. The Company repaid the loan in full on March 7, 2023. On May 3, 2023, the Company entered into a $30 million 3-year commercial loan agreement with a commercial bank. The loan is fully collateralized by assets of the Company. The Company may make voluntary prepayments of principal at any time,