The Franklin Special School District Tax Anticipation Revolving Loan Agreement Amendment
District extends $5M tax anticipation credit facility
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Description
The Franklin Special School District and First Horizon TE1, LLC executed an Eighteenth Amendment to their Tax Anticipation Revolving Loan Agreement, maintaining a not-to-exceed amount of $5,000,000. The amendment extends the maturity date of the revolving credit facility to June 30, 2027, subject to standard closing conditions and payment of the bank’s legal expenses.
Contract Details
Contract Amount
Not to exceed $5,000,000.00
Vendor
FIRST HORIZON TE1 LLC
Agency
Franklin Special School District, TN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Original agreement dated September 23, 2004; maturity date extended by this Eighteenth Amendment to June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Eighteenth Amendment to an existing Tax Anticipation Revolving Loan Agreement originally dated September 23, 2004. Prior amendments, including a Seventeenth Amendment dated March 31, 2024, previously extended the maturity to March 31, 2026; this amendment further extends maturity to June 30, 2027 while ratifying and confirming all other loan documents.
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Related Contracts
City of Asheboro Regular Meeting Agenda Packet 2026-06-04
APPROVEDFranklin Special School District Board Meeting Agenda April 13, 2026
AMENDEDThe Franklin Special School District Promissory Note April 2026
AMENDEDTHE FRANKLIN SPECIAL SCHOOL DISTRICT Corporate Secretary's Certificate - Borrowing April 2026
APPROVEDThe Franklin Special School District Promissory Note April 2026
AMENDEDMore from Franklin Special School District
Franklin Special School District Board Meeting Agenda April 13, 2026
Franklin Special School District Board Meeting Agenda April 13, 2026
The Franklin Special School District Promissory Note April 2026
Franklin Special School District Board Meeting Agenda April 13, 2026
THE FRANKLIN SPECIAL SCHOOL DISTRICT Corporate Secretary's Certificate - Borrowing April 2026
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