Tiptree picks up $15 million more in term loans under credit agreement

By Wendy Van Sickle

Columbus, Ohio, June 24 – Tiptree Financial Inc. operating subsidiary Tiptree Operating Co., LLC added $15 million in term loans on Friday under its Sept. 18, 2013 credit agreement with Fortress Credit Corp. as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The incremental term loans will have the same maturity date, margin above Libor, principal repayment term, conditions and covenants as the existing term loans under the credit agreement, according to the filing.

Tiptree is a New York-based company that provides insurance and insurance services, real estate, asset management and specialty finance services.

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