---
schema_version: "secwatch.filing_event.v1"
accession: "0000947484-23-000086"
form_type: "8-K"
ticker: "ACGL"
cik: "0000947484"
company_name: "ARCH CAPITAL GROUP LTD."
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T04:36:09.594911+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Arch Capital enters $925M credit facility with accordion to $1.5B

## Summary
- Secured Tranche A facility of $425M for letters of credit; unsecured Tranche B facility of $500M for revolving loans and LCs.
- Commitments expire August 23, 2028; letters of credit may extend to August 23, 2029.
- Facility may be increased to $1.5B subject to receipt of additional commitments.
- Covenants include max consolidated leverage ratio and minimum tangible net worth.
- Amends and restates the prior credit agreement dated December 17, 2019; no events of default noted.

## SEC filing metadata
- accession: 0000947484-23-000086
- form_type: 8-K
- ticker: ACGL
- cik: 0000947484
- company_name: ARCH CAPITAL GROUP LTD.
- filed_at: 2023-08-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/947484/000094748423000086/0000947484-23-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/947484/000094748423000086/acgl-20230823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947484-23-000086
- JSON: https://secwatch.observer/filing/0000947484-23-000086.json
- Plain text: https://secwatch.observer/filing/0000947484-23-000086.txt

## Key facts
- Material Agreements
  ARCH CAPITAL GROUP LTD. amended Fourth Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent, L/C Administrator and a Fronting Bank, and the lenders party thereto valued at $425 million secured facility for letters of credit (the “Tranche A Facility”) and a $500 million un (effective 2023-08-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent, L/C Administrator and a Fronting Bank, and the lenders party thereto
  - Value: $425 million secured facility for letters of credit (the “Tranche A Facility”) and a $500 million un
  - Effective: 2023-08-23
  source text: On August 23, 2023, Arch Capital Group Ltd. (“ACGL”) and certain of its subsidiaries (such subsidiaries designated as co-borrowers are referred to as “Designated Subsidiary Borrowers” and, together with ACGL, the “Borrowers”), entered into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as Administrative Agent, L/C Administrator and a Fronting Bank, and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/947484/000094748423000086/0000947484-23-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.