secwatch / observer
8-K filed September 18, 2023, 7:59 PM ET ticker KNSL CIK 0001669162
debt confidence high sentiment neutral materiality 0.60

Kinsale Capital raises notes cap to $200M, issues $50M in 6.21% Series B notes due 2034

Kinsale Capital Group, Inc.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Kinsale Capital Group, Inc.: Amended Section 2.5 of the By-Laws to update procedures for director nominations, including compliance with Rule 14a-19 universal proxy card rules and other technical and conforming changes (effective 2023-09-13).

Change
bylaw amendment
Effective
2023-09-13
Exact text from the filing
On September 13, 2023, the Board of Directors (the “Board”) of Kinsale Capital Group, Inc. (the “Company”) adopted amendments to the Company’s Amended and Restated By-Laws (as amended and restated, the “By-Laws”) in order to update the procedures and disclosure requirements for director nominations made under the Company’s existing advance notice requirements to: (i) reflect the U.S. Securities and Exchange Commission’s adoption of Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and (ii) make other technical and conforming changes.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Kinsale Capital Group, Inc. entered into First Amendment to the Note Purchase and Private Shelf Agreement with PGIM, Inc. and the other noteholders party thereto valued at NPA Notes Cap increased from $150 million to $200 million; issued $50 million aggregate principal am (effective 2023-09-18).

Action
entry
Agreement
notes offering
Counterparty
PGIM, Inc. and the other noteholders party thereto
Value
NPA Notes Cap increased from $150 million to $200 million; issued $50 million aggregate principal am
Effective
2023-09-18
Exact text from the filing
On September 18, 2023, Kinsale Capital Group, Inc. (the "Company") entered into: • First Amendment to the Note Purchase and Private Shelf Agreement (the "NPA Amendment") with PGIM, Inc. and the other noteholders party thereto; and • Amendment No. 1 to the Amended and Restated Credit Agreement (the "Credit Agreement Amendment") with JPMorgan Chase Bank, N.A., as administrative agent and as a lender, Truist Bank, as a lender, and CIBC Bank USA, as a lender. First Amendment to the Note Purchase and Private Shelf Agreement The NPA Amendment amends the Note Purchase and Private Shelf Agreement, dated as of July 22, 2022 (the "Original Agreement" and, together with the NPA Amendment, the "Note Purchase Agreement"). The Original Agreement provided for the issuance of additional shelf notes from time to time (the "Shelf Notes"), provided that the total amount of notes outstanding thereunder (including the $125 million of Series A notes issued in July 2022) does not exceed $150 million (the "NP
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Kinsale Capital Group, Inc. amended Amendment No. 1 to the Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and as a lender, Truist Bank, as a lender, and CIBC Bank USA, as a lender valued at Amended Section 6.01(s) to change $150,000,000 to $250,000,000 (effective 2023-09-18).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and as a lender, Truist Bank, as a lender, and CIBC Bank USA, as a lender
Value
Amended Section 6.01(s) to change $150,000,000 to $250,000,000
Effective
2023-09-18
Exact text from the filing
On September 18, 2023, Kinsale Capital Group, Inc. (the "Company") entered into: • First Amendment to the Note Purchase and Private Shelf Agreement (the "NPA Amendment") with PGIM, Inc. and the other noteholders party thereto; and • Amendment No. 1 to the Amended and Restated Credit Agreement (the "Credit Agreement Amendment") with JPMorgan Chase Bank, N.A., as administrative agent and as a lender, Truist Bank, as a lender, and CIBC Bank USA, as a lender. First Amendment to the Note Purchase and Private Shelf Agreement The NPA Amendment amends the Note Purchase and Private Shelf Agreement, dated as of July 22, 2022 (the "Original Agreement" and, together with the NPA Amendment, the "Note Purchase Agreement"). The Original Agreement provided for the issuance of additional shelf notes from time to time (the "Shelf Notes"), provided that the total amount of notes outstanding thereunder (including the $125 million of Series A notes issued in July 2022) does not exceed $150 million (the "NP
View on SEC.gov

11 governance changes filed in the last 30 days. Browse all governance changes →

Kinsale Capital Group, Inc. filing history →

Source: SEC EDGAR
accession 0001140361-23-044374
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