Tiptree subsidiary, Fortegra Financial, receives $200M senior secured credit facilitySeekingAlpha.com: All News • over 3 years ago---
- 'Specialty insurer and subsidiary of Tiptree (TIPT), Fortegra Financial closed a
$200M senior secured credit facility from a syndicate of banks led by Fifth Third
Bank; maturity date of August 2023.The amount will be immediately available for
letters of credit, with any remaining portion of the facility available for working
capital.Indicating the bank''s trust in Fortegra financial standing, it was offered
a greater sum of credit than initially requested.Previously: Tiptree reports Q2
results (Aug 5)'