W. R. Berkley enters $300M five-year revolving credit facility

BERKLEY W R CORP

$300M unsecured revolving credit facility, with $50M sublimit for letters of credit.
Matures April 1, 2027; letters of credit may extend to April 1, 2028.
Facility can be increased to $500M subject to additional lender commitments.
Interest based on Term SOFR or Base Rate plus margin; quarterly commitment fee on unused portion.
Financial covenants: maximum leverage ratio and minimum consolidated net worth.

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