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TIPT > SEC Filings for TIPT > Form 8-K on 14-Jan-2016All Recent SEC Filings

Show all filings for TIPTREE FINANCIAL INC.

Form 8-K for TIPTREE FINANCIAL INC.


14-Jan-2016

Entry into a Material Definitive Agreement, Financial Statements and Exhib


Item 1.01 Entry into a Material Definitive Agreement.

On January 14, 2016, Tiptree Operating Company, LLC ("Operating Company"), the subsidiary through which Tiptree Financial Inc. ("Tiptree") conducts its operations, entered into a Third Amendment (the "Amendment") to its Credit Agreement dated as of September 18, 2013 by and among Operating Company, as borrower, the lenders party thereto from time to time and Fortress Credit Corp. ("Fortress"), as administrative agent, collateral agent and lead arranger (as so amended, the "Credit Agreement").

Operating Company and Fortress entered into the Amendment to reflect Tiptree's formation of a consolidated group for federal income tax purposes and Operating Company's change from a partnership to a corporation for tax purposes. The Amendment amends the definition of "Permitted Tax Distributions" to provide that as long as Operating Company is a member of a consolidated group for U.S. tax purposes, it may make such tax distributions.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) List of Exhibits:
10.1 Third Amendment to the Credit Agreement, by and among Tiptree Operating Company, LLC, Fortress Credit Corp. as Administrative Agent, Collateral Agent and Lead Arranger, and the lenders party thereto, dated as of January 14, 2016.


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