debt
confidence high
sentiment neutral
materiality 0.20
RenaissanceRe extends secured LC facility; availability now to Dec 2025, expiry Dec 2026
RENAISSANCERE HOLDINGS LTD
- Facility size up to $320M, with potential increase to $350M.
- Amendment extends availability end date to Dec 31, 2025 and expiry to Dec 31, 2026.
- Facility provided by Citibank Europe Plc to four RenaissanceRe subsidiaries.
- Each subsidiary pledges securities with collateral value at least 100% of outstanding LC amount.