secwatch.observer — SEC 8-K summary
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Issuer:     WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK:        0000776867
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0000776867-25-000011
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White Mountains enters $250M senior unsecured revolver, undrawn at close
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- Established $250M senior unsecured revolving credit facility, fully undrawn as of July 16, 2025.
- Facility matures July 16, 2028; interest on SOFR loans at 1.10%-1.50% plus SOFR (with 0.10% credit spread adjustment).
- Financial covenants require minimum Consolidated Net Worth and Debt to Cap Ratio not exceeding 32.5%.
- Joint lead arrangers: BofA Securities and Barclays Bank PLC; Bank of America acts as administrative agent.
- Company states no current plans to draw on the facility; fees range from 0.15% to 0.25% per annum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776867/000077686725000011/0000776867-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776867/000077686725000011/wtm-20250716.htm
  HTML page:      https://secwatch.observer/filing/0000776867-25-000011

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