Atlantic American Corporation has amended its revolving credit agreement with Truist Bank, filing an 8-K with the Securities and Exchange Commission on October 16, 2026. The amendments, executed on October 9 and October 15, 2026, adjust the deadlines for the Company to submit financial reports and waive certain defaults.
On October 9, 2026, the Company entered into the Fourth Amendment to its Revolving Credit Agreement, originally dated May 12, 2021. This amendment extended the deadline for the Company to deliver audited consolidated financial statements for the year ended December 31, 2025, to October 15, 2026. Additionally, it extended the deadline for interim consolidated financial statements for the quarters ended March 31, 2026, June 30, 2026, and September 30, 2026, to November 30, 2026. The Fourth Amendment also extended the dates for delivering certificates of compliance with financial covenants.
On October 15, 2026, the Company and Truist Bank executed the Fifth Amendment and Waiver. This amendment further extended the deadline for delivering the audited consolidated financial statements for the year ended December 31, 2025, and related compliance certificates to October 23, 2026. The Fifth Amendment also amended the minimum financial strength rating required for the Company's subsidiary, American Southern Insurance Company, to be no lower than “A-.” Furthermore, it waived defaults under the Credit Agreement that occurred prior to the Fifth Amendment.
