BayFirst Financial Updates Multiple Financing Agreements With Major Lenders
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BayFirst Financial has updated two financing agreements to enhance liquidity. The company amended its $6 million subordinated notes to capitalize interest until June 30, 2026, allowing for a potential additional principal capitalization. Additionally, it secured a deferral from First National Bankers Bank for a quarterly interest payment on its $1.6 million term loan, moving the due date from December 10, 2025, to March 10, 2026. These measures aim to conserve cash while managing financial obligations.
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