debt
confidence high
sentiment neutral
materiality 0.40
Arch Capital subsidiary extends $700M letter of credit facility through May 2026
ARCH CAPITAL GROUP LTD.
- Amendment extends availability period from May 31, 2025 to May 31, 2026.
- Facility size remains $700 million for letters of credit.
- Notes name change of Apollo No. 14 Limited to Portico Corporate Member Ltd. effective Nov 5, 2024.
- Borrower is Arch Reinsurance Ltd., wholly-owned subsidiary of Arch Capital Group Ltd.