Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ARCH CAPITAL GROUP LTD. incurred credit facility of $175 million with Lloyds Bank Corporate Markets plc maturing September 27, 2025.
- Instrument
- credit facility
- Principal
- $175 million
- Counterparty
- Lloyds Bank Corporate Markets plc
- Maturity
- September 27, 2025
- Event
- incurrence
Exact text from the filing
The L/C Agreement provides for a $175 million facility for letters of credit (the “L/C Facility”). The commitments under the L/C Agreement will expire on September 27, 2025.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ARCH CAPITAL GROUP LTD. entered into Letter of Credit Facility Agreement with Lloyds Bank Corporate Markets plc valued at $175 million (effective 2023-09-27).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Lloyds Bank Corporate Markets plc
- Value
- $175 million
- Effective
- 2023-09-27
Exact text from the filing
On September 27, 2023, Arch Reinsurance Ltd. (“ArchRe”), a wholly-owned subsidiary of Arch Capital Group, Ltd. (“Arch”), entered into a Letter of Credit Facility Agreement (the “L/C Agreement”), as the borrower with Lloyds Bank Corporate Markets plc (“Lloyds”), as L/C Issuer (“L/C Issuer”).
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