North Sunflower Medical Center Board of Trustees Special Meeting Minutes March 2026
Board Approves $5 Million Line of Credit
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Description
The North Sunflower Medical Center Board approved a $5 million non-revolving line of credit with Planters Bank at a 5.05% tax-exempt interest rate and a $25,000 origination fee. The credit facility, formalized by a borrowing resolution, will mature on December 15, 2026.
Contract Details
Contract Amount
$5,000,000 line of credit; $25,000 origination fee; 5.05% interest rate if tax-exempt
Vendor
PLANTERS BANK
Agency
North Sunflower Medical Center Cah, MS
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
Matures on December 15, 2026
Renewal Date
2026-12-15
Renewal Info
Single non-revolving line of credit maturing December 15, 2026; any renewal or extension would require future board action.
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