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Sep 30, 2025 8:10 AM

Standard Premium Secures $115 Million Credit Agreement to Drive Continued Growth

MIAMI, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Standard Premium Finance Holdings, Inc. (OTCQX:SPFX) (Standard Premium), a leading specialty finance company, today announced the closing of a revolving credit facility providing up to $115 million in borrowing capacity, incorporating an initial commitment of $75 million and an additional $40 million accordion feature. The syndication, led by First Horizon Bank (NYSE:FHN), includes participation from Flagstar Bank (NYSE:FLG) and Cadence Bank (NYSE:CADE), bringing together three institutions with more than $220 billion in combined assets. The agreement carries a substantially lower interest rate compared to prior agreements, leading to immediate cost savings.

"We are proud to expand our relationship with Standard Premium and welcome Flagstar and Cadence as participants in this agreement," says Jack Perkins, vice president, First Horizon Bank.

The commitment strengthens ...