secwatch.observer — SEC 8-K summary
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Issuer:     James River Group Holdings, Inc. (JRVR)
CIK:        0001620459
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001104659-24-049970
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

James River completes sale of JRG Re for ~$291.4M; Heinlein departs
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- Closed sale of JRG Re to Fleming Intermediate Holdings for total consideration of ~$291.4M.
- Consideration includes $152.4M cash and $139M dividend/distribution from JRG Re contributed surplus.
- Up to $2.5M additional earnout payment possible if conditions met within nine months.
- Daniel J. Heinlein, President and CEO of JRG Re, left to join Buyer effective April 16, 2024.
- KeyBank facility commitment cut from $102.5M to $45M; BMO facility amended to eliminate LC subfacility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1620459/000110465924049970/0001104659-24-049970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1620459/000110465924049970/tm2412304d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-049970

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