Loan amendment lifts Standard Premium (NASDAQ: SPFX) capacity to $115M

Rhea-AI Filing Summary

Standard Premium Finance Holdings, Inc. updated its main credit facility on September 25, 2025 through a fifth amendment to its loan agreement. The company’s subsidiary increased its maximum aggregate borrowing capacity to $75,000,000 and added an uncommitted $40,000,000 accordion feature, bringing total potential capacity to $115,000,000.

The amendment also reduced the interest rate margin to 210 basis points from a prior range of 255–296 basis points, lowering borrowing costs, and extended the loan’s maturity date to September 25, 2028. Terms were updated to reflect a syndicated loan structure, while all other material provisions of the existing agreement remain in effect.

Insights

Credit & Capital Structure Analyst

SPFX secures larger, cheaper, longer-dated syndicated credit facility.

Standard Premium Finance Holdings increased its subsidiary’s borrowing capacity to $75,000,000 with an additional uncommitted $40,000,000 accordion, for total potential capacity of $115,000,000. For a premium finance business, this type of facility underpins its ability to fund customer loans and grow its portfolio.

The interest margin was cut to 210 basis points from a prior 255–296% basis-point range, which directly reduces funding costs on drawn amounts. At the same time, extending the maturity to September 25, 2028 lowers near-term refinancing risk and supports longer-term planning.

The move to a syndicated arrangement with First Horizon Bank, Flagstar Bank and Cadence Bank diversifies lending relationships. Actual impact will depend on how much of the committed and accordion capacity the company chooses to use in future periods and on future rate conditions.

false 0001807893 0001807893 2025-09-25 2025-09-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 25, 2025

STANDARD PREMIUM FINANCE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Florida	000-56243	81-2624094
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

13590 SW 134th Avenue, Suite 214, Miami, FL 33186

(Address of Principal Executive Office) (Zip Code)

305-232-2752

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class Trading Symbol(s) Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

On September 25, 2025, Standard Premium Finance Holdings, Inc., a Florida corporation (the “Company”), through its wholly-owned subsidiary, Standard Premium Finance Management Corporation (the “Borrower”) entered into a Fifth Amendment to Loan Agreement and Omnibus Amendment to Loan Documents (the “Amendment”) with First Horizon Bank, Flagstar Bank and Cadence Bank, which increased the maximum aggregate borrowing capacity under the Loan Agreement to $75,000,000 with an additional uncommitted $40,000,000 accordion feature for a total of $115,000,000. The Amendment also reduced the interest rate margin to 210 bps from a range of 255 – 296 bps. Additionally, the Amendment extended the maturity date of the loan to September 25, 2028. General terms were updated to reflect a syndicated loan arrangement. All other material terms of the Loan Agreement remain in full force and effect.

The foregoing description of the Fifth Amendment to Loan Agreement and Omnibus Amendment to Loan Documents is only a summary and is qualified in its entirety by reference to the full text of the Fifth Amendment to Loan Agreement and Omnibus Amendment to Loan Documents, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Fifth Amendment to Loan Agreement and Omnibus Amendment to Loan Documents between Standard Premium Finance Management Corporation and First Horizon Bank dated September 25, 2025.
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	STANDARD PREMIUM FINANCE HOLDINGS, INC.
Dated:  October 1, 2025	By:	/s/ William J. Koppelmann
		William J. Koppelmann Chairman and Chief Executive Officer

FAQ

What did Standard Premium Finance Holdings (SPFX) change in its credit facility?

The company’s subsidiary entered into a fifth amendment to its loan agreement that increased maximum aggregate borrowing capacity to $75,000,000 and added an uncommitted $40,000,000 accordion feature, for total potential capacity of $115,000,000.

How much total borrowing capacity does SPFX now have under the amended loan?

After the amendment, the loan agreement provides for $75,000,000 of maximum aggregate borrowing capacity plus a $40,000,000 uncommitted accordion, for total potential capacity of $115,000,000.

How did the loan pricing change for Standard Premium Finance Holdings?

The amendment reduced the interest rate margin to 210 basis points, down from a previous range of 255–296 basis points, lowering the cost of borrowing under the facility.

When does SPFX’s amended loan agreement now mature?

The maturity date of the loan was extended to September 25, 2028 under the fifth amendment to the loan agreement.

Which lenders are party to the amended SPFX loan agreement?

The amended loan documents are between Standard Premium Finance Management Corporation and a bank group including First Horizon Bank, Flagstar Bank, and Cadence Bank, reflecting a syndicated loan arrangement.

Did the amendment change other material terms of SPFX’s loan agreement?

The company states that all other material terms of the existing loan agreement remain in full force and effect after the amendment, aside from the updated capacity, pricing, maturity, and syndicated structure.