BayFirst Financial Amends Subordinated Notes to Capitalize Interest and Adds Step-Up Provision
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BayFirst Financial Corp. has amended its $6 million subordinated notes agreement, allowing interest due until June 30, 2026, to be added to the principal instead of regular payments. If not fully paid by that date, the principal will increase by 3%, or holders may receive a 3% payment at the company's discretion. Additionally, the company has deferred a quarterly interest payment on a $1.6 million term loan until March 2026.
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