{"schema_version":"secwatch.filing_event.v1","accession":"0000947484-23-000089","form_type":"8-K","ticker":"ACGL","cik":"0000947484","company_name":"ARCH CAPITAL GROUP LTD.","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.483064+00:00","generated_at":"2026-06-10T06:44:13.539657+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Arch Capital subsidiary enters $175M letter of credit facility with Lloyds Bank","bullets":["Arch Reinsurance Ltd. (subsidiary of ACGL) established a $175M L/C facility with Lloyds Bank Corporate Markets plc.","L/C facility expires on September 27, 2025.","Covenants require ArchRe to maintain A.M. Best rating ≥ B++ and S&P rating ≥ BBB+.","Also requires parent Arch not to exceed maximum consolidated leverage ratio and to maintain minimum consolidated tangible net worth."],"urls":{"canonical":"https://secwatch.observer/filing/0000947484-23-000089","json":"https://secwatch.observer/filing/0000947484-23-000089.json","markdown":"https://secwatch.observer/filing/0000947484-23-000089.md","text":"https://secwatch.observer/filing/0000947484-23-000089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/947484/000094748423000089/0000947484-23-000089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/947484/000094748423000089/acgl-20230927.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:44:13.539657+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"725e0e4a90c43b6eb30a158977a5d6576d4c8636","claim":"ARCH CAPITAL GROUP LTD. incurred credit facility of $175 million with Lloyds Bank Corporate Markets plc maturing September 27, 2025.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/947484/000094748423000089/0000947484-23-000089-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$175 million"},{"label":"Counterparty","value":"Lloyds Bank Corporate Markets plc"},{"label":"Maturity","value":"September 27, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4e1e3cd87b2cf85f203e2786eba127cc7138efdf","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/947484/000094748423000089/0000947484-23-000089-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lloyds Bank Corporate Markets plc"},{"label":"Value","value":"$175 million"},{"label":"Effective","value":"2023-09-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}