TWFG entered into an amended and restated credit agreement providing for a $125 million revolving credit facility and extending the facility’s maturity to Aug. 12, 2031.
The credit facility, with PNC Bank serving as administrative agent, enhances TWFG’s liquidity and financial flexibility to support the company’s continued growth strategy. The agreement also includes an uncommitted accordion feature that allows the company to seek up to an additional $75 million of lender commitments, bringing potential borrowing capacity to $200 million.
“This expanded facility reflects the significant growth of TWFG and provides additional capacity to support our long-term strategic objectives,” Richard F. “Gordy” Bunch III, CEO of TWFG, said. “The increased borrowing capacity, extended maturity profile and continued support from our lending partners position us to pursue attractive growth opportunities while maintaining financial discipline. In addition to supporting acquisitions and organic growth initiatives, this enhanced financial flexibility allows us to continue investing in the technology, data and AI-enabled capabilities that strengthen our platform and create value for our agents, customers and shareholders. We appreciate the confidence and continued support of our lending partners as we execute our long-term growth strategy.”
