Markel Group enters into amended $300M revolving credit facility expiring 2028

MARKEL GROUP INC.

Revolving credit facility provides up to $300M for acquisitions, investments, stock repurchases, and working capital.
Facility matures June 23, 2028; replaces prior $300M facility dated April 10, 2019.
Up to $200M of capacity may be used for letters of credit; facility can be increased by up to $200M subject to commitments.
Financial covenants include maximum debt-to-capitalization ratio and minimum consolidated net worth.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARKEL GROUP INC. amended amended and restated credit agreement valued at up to $300 million (effective 2023-06-23).

Action: amendment
Agreement: credit facility
Value: up to $300 million
Effective: 2023-06-23

Exact text from the filing

On June 23, 2023, Markel Group Inc. (the Company) entered into an amended and restated credit agreement for its revolving credit facility, which provides up to $300 million of capacity for future acquisitions, investments and stock repurchases and for other working capital and general corporate purposes.

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MARKEL GROUP INC. filing history →

Source: SEC EDGAR

accession 0001096343-23-000160

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