secwatch.observer — SEC 8-K summary
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Issuer:     BERKLEY W R CORP (WRB)
CIK:        0000011544
Form:       8-K
Filed at:   2022-04-04T23:59:59+00:00
Accession:  0001193125-22-095101
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/11544/000119312522095101/0001193125-22-095101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/11544/000119312522095101/d335739d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-095101

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