THE FRANKLIN SPECIAL SCHOOL DISTRICT Revolving Loan Agreement Amendment April 2026
District extends $6M revolving tax loan facility
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Description
The Franklin Special School District amended and restated its tax anticipation revolving promissory note with First Horizon TE1, LLC for a $6,000,000 revolving line of credit through June 30, 2027. The amendment extends the maturity date and supersedes the prior 2024 note.
Contract Details
Contract Amount
$6,000,000.00
Vendor
FIRST HORIZON TE1 LLC
Agency
Franklin Special School District, TN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
April 13, 2026 – June 30, 2027
Renewal Date
2027-06-30
Renewal Info
Eighteenth amendment to the Tax Anticipation Revolving Loan Agreement extends the revolving promissory note’s maturity date to June 30, 2027, amending and restating the March 1, 2024 note.
More from FIRST HORIZON TE1 LLC
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 Tax Anticipation Revolving Loan Agreement Amendment
AMENDEDTHE FRANKLIN SPECIAL SCHOOL DISTRICT Corporate Secretary's Certificate - Borrowing April 2026
APPROVEDMore 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
The Franklin Special School District Tax Anticipation Revolving Loan Agreement Amendment
Franklin Special School District Board Meeting Agenda April 13, 2026
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