secwatch.observer — SEC 8-K summary
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Issuer:     ARCH CAPITAL GROUP LTD. (ACGL)
CIK:        0000947484
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000947484-23-000095
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/947484/000094748423000095/0000947484-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/947484/000094748423000095/acgl-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000947484-23-000095

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