{"filing":{"accession_number":"0000038723-26-000042","cik":"0000038723","ticker":null,"company_name":"1st FRANKLIN FINANCIAL CORP","form":"8-K","filing_date":"2026-09-01","report_date":"2026-08-26","primary_document":"na-20260826.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/38723/000003872326000042/na-20260826.htm"},"events":[{"id":30967,"run_id":28398,"accession_number":"0000038723-26-000042","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"1st Franklin Financial entered into a Second Amendment to its Loan and Security Agreement on August 26, 2026, increasing the revolving credit facility to $430 million and extending the maturity date to August 27, 2029. The amendment also includes accordion provisions for up to $270 million in additional increases and modifies key financial covenants and restricted payment baskets.","company_name":"1st FRANKLIN FINANCIAL CORP","ticker":null,"filing_date":"2026-09-01","form":"8-K","submitted_at":null,"items":[{"id":33731,"accession_number":"0000038723-26-000042","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"1st Franklin Financial entered into a Second Amendment to its Loan and Security Agreement on August 26, 2026, which increases the revolving credit facility to $430 million and extends the maturity date to August 27, 2029. While this is technically an amendment to an existing credit facility rather than a new debt issuance, it materially modifies the Company's direct financial obligations by increasing available borrowings and extending the term, which constitutes a material modification of debt obligations under Item 1.01 and Item 2.03 standards. The amendment also includes accordion provisions for up to $270 million in additional increases and modifies key financial covenants and restricted payment baskets.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:14:59.748269+00:00","company_name":"","ticker":null,"filing_date":""},{"id":33732,"accession_number":"0000038723-26-000042","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions or transactions that create new debt obligations. The materiality and specificity of Item 2.03 filing indicates a significant debt or financial obligation event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:14:59.748269+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":33731,"accession_number":"0000038723-26-000042","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"1st Franklin Financial entered into a Second Amendment to its Loan and Security Agreement on August 26, 2026, which increases the revolving credit facility to $430 million and extends the maturity date to August 27, 2029. While this is technically an amendment to an existing credit facility rather than a new debt issuance, it materially modifies the Company's direct financial obligations by increasing available borrowings and extending the term, which constitutes a material modification of debt obligations under Item 1.01 and Item 2.03 standards. The amendment also includes accordion provisions for up to $270 million in additional increases and modifies key financial covenants and restricted payment baskets.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:14:59.748269+00:00","company_name":"1st FRANKLIN FINANCIAL CORP","ticker":null,"filing_date":"2026-09-01"},{"id":33732,"accession_number":"0000038723-26-000042","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions or transactions that create new debt obligations. The materiality and specificity of Item 2.03 filing indicates a significant debt or financial obligation event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-01T20:14:59.748269+00:00","company_name":"1st FRANKLIN FINANCIAL CORP","ticker":null,"filing_date":"2026-09-01"}]}