Core Viewpoint - Alpine Income Property Trust, Inc. has successfully closed an amended and restated unsecured credit facility, which will be used to retire all prior unsecured debt, enhancing its financial position and flexibility [1][6]. Credit Facility Details - The new credit facility totals $450 million, consisting of a $250 million revolving credit facility due February 2030, a $100 million term loan due February 2029, and a $100 million term loan due February 2031 [6]. - The initial fixed interest rates are approximately 3.5% for the 2029 Term Loan and 2031 Term Loan, and approximately 4.8% for $100 million under the Revolving Credit Facility [1]. - The pricing grid for borrowings under the credit facility is 10 to 15 basis points lower compared to the prior unsecured debt [6]. - An accordion feature allows total borrowings under the credit facility to be increased to $750 million [6]. Financial Strategy - The company applied existing SOFR swap agreements at closing, which will adjust the interest rates for the loans in May 2026 and January 2027 to approximately 4.8% and 5.0%, respectively [1]. - The credit facility is provided by a syndicate of banks led by Truist Bank, with participation from several other banks [2]. Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends through investments in single tenant net leased commercial properties [3]. - The company also strategically invests in a select portfolio of commercial loan investments to enhance returns [3].

Core Viewpoint - Palomar Holdings, Inc. has successfully completed the acquisition of The Gray Casualty & Surety Company, enhancing its position in the surety sector with a total cash consideration of $300 million [1][2]. Group 1: Acquisition Details - The acquisition was initially announced in October 2025, with Palomar agreeing to acquire Gray Surety from Bernhard Capital Partners and The Gray Insurance Company for a total cash consideration of $300 million [2]. - The financing for the acquisition includes a $150 million revolving credit facility and a $300 million term loan [2]. Group 2: Financing Arrangements - U.S. Bank National Association and KeyBank National Association served as Joint Lead Arrangers and Joint Book Runners for the financing [3]. - U.S. Bank acted as Administrative Agent, while KeyBank served as Syndication Agent [3]. - Additional banks involved in the financing include Citizens Bank, The Huntington National Bank, PNC Bank, and Wells Fargo Bank, with JPMorgan Chase Bank participating in the term loan [3]. Group 3: Management Commentary - Mac Armstrong, Chairman and CEO of Palomar, expressed satisfaction with the successful closing of the acquisition, highlighting Gray Surety's exceptional management team [4]. - The transaction is expected to significantly strengthen Palomar's surety franchise, adding scale and geographic reach, and complementing existing operations [5]. - The acquisition aligns with Palomar's strategic framework aimed at building a market leader in the surety sector [5].

Core Viewpoint - CTO Realty Growth, Inc. successfully closed $150 million in term loan financing, enhancing liquidity and extending debt maturity profile [1][2] Financing Details - The financing includes a new $125 million term loan due September 2030 and a $25 million upsizing of the existing term loan due September 2029 [1] - Proceeds from the financing were used to retire a $65 million term loan due March 2026 and to reduce the balance on the revolving credit facility [1] Interest Rate Information - Both term loans bear interest at SOFR plus a spread based on the Company's leverage ratio, with an initial fixed interest rate of approximately 4.2% [3] - The interest rate for both loans is expected to adjust to approximately 4.7% in March 2026 when certain SOFR swap agreements mature [3] Lender Information - The 2030 Term Loan was provided by a syndicate of banks led by KeyBank National Association, with other participating banks including PNC Bank, Regions Bank, and Wells Fargo Bank [4]