First Guaranty Bancshares, Inc. 8K

First Guaranty Bancshares, Inc. amended its promissory note to defer nine quarters of principal payments and permit payment of interest in cash or common stock during the modified period.

First Guaranty Bancshares, Inc. entered into a Second Amendment to its October 5, 2023 Promissory Note with Smith & Tate Investment, L.L.C., under which the noteholder agreed to waive nine consecutive quarterly principal payments beginning with the March 31, 2026 payment date through the March 31, 2028 payment date, deferring the next required principal installment to June 30, 2028, and allowing the company, at its option, to satisfy interest payments falling within this modified period either in cash or in shares of the company’s $1.00 par value common stock based on the prevailing market price; all other terms of the original note and related loan agreement remain in effect, and the amendment is effective upon execution by both parties.

Filing Facts

CIK

1408534

Ticker

-

Form

8K

Source Type

fda

Accession

0001408534-26-000016

Alert Tier

7