---
schema_version: "secwatch.filing_event.v1"
accession: "0000947484-23-000095"
form_type: "8-K"
ticker: "ACGL"
cik: "0000947484"
company_name: "ARCH CAPITAL GROUP LTD."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:35:30.553167+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Arch Capital ups L/C facility to $530M; extends availability to May 2024

## Summary
- Arch Reinsurance (Arch Capital subsidiary) amended L/C facility from $400M to $530M, a $130M increase.
- Availability period extended from May 31, 2023 to May 31, 2024.
- New lenders added: TD Bank ($120M), ANZ ($20M), and OCBC ($130M); Bank of Montreal exited.
- Borrower must maintain financial strength rating of B++ (A.M. Best) or BBB+ (S&P).

## SEC filing metadata
- accession: 0000947484-23-000095
- form_type: 8-K
- ticker: ACGL
- cik: 0000947484
- company_name: ARCH CAPITAL GROUP LTD.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/947484/000094748423000095/0000947484-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/947484/000094748423000095/acgl-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947484-23-000095
- JSON: https://secwatch.observer/filing/0000947484-23-000095.json
- Plain text: https://secwatch.observer/filing/0000947484-23-000095.txt

## Key facts
- Material Agreements
  ARCH CAPITAL GROUP LTD. amended Amendment No. 3 and Joinder to Letter of Credit Facility Agreement with Lloyds Bank Corporate Markets plc valued at $530 million (effective 2023-10-25).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Lloyds Bank Corporate Markets plc
  - Value: $530 million
  - Effective: 2023-10-25
  source text: On October 25, 2023, Arch Reinsurance Ltd. (“ArchRe”), a wholly-owned subsidiary of Arch Capital Group, Ltd. (“Arch”), entered into Amendment No. 3 and Joinder to Letter of Credit Facility Agreement ( “Amendment No. 3”), as the borrower with Lloyds Bank Corporate Markets plc (“Lloyds”), as Administrative Agent and L/C Agent, which amends the Letter of Credit Facility Agreement, dated as of November 3, 2020, as amended by Amendment No. 1 to Letter of Credit Facility Agreement dated as of October 29, 2021 and as further amended by Amendment No. 2 and Joinder to Letter of Credit Facility Agreement dated as of October 27, 2022 (the “ Existing L/C Agreement”). The Existing L/C Agreement, as amended by Amendment No. 3 (the “Amended L/C Agreement”), provides for a $530 million facility for letters of credit in respect of Funds at Lloyds (the “FAL L/C Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/947484/000094748423000095/0000947484-23-000095-index.htm

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