---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269472"
form_type: "8-K"
ticker: "RNR"
cik: "0000913144"
company_name: "RENAISSANCERE HOLDINGS LTD"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:34:17.788843+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# RenaissanceRe amends credit facilities; reduces LC commitment to $225M, ups secured limit to $320M

## Summary
- RRL reduces letter of credit facility from $275M to $225M; term extended to 4 years from Dec 31, 2023 expiry notice.
- Cross-default trigger on unsecured LC raised to $200M from $100M; Validus Re entities join as borrowers.
- Secured LC facility limit increased to $320M with a $350M maximum; expiry extended to Dec 31, 2025.
- Validus Reinsurance, Ltd. and Validus Re (Switzerland) accede to unsecured facility; VRB joins secured facility.

## SEC filing metadata
- accession: 0001193125-23-269472
- form_type: 8-K
- ticker: RNR
- cik: 0000913144
- company_name: RENAISSANCERE HOLDINGS LTD
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913144/000119312523269472/0001193125-23-269472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913144/000119312523269472/d555284d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269472
- JSON: https://secwatch.observer/filing/0001193125-23-269472.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269472.txt

## Key facts
- Debt Financings
  RENAISSANCERE HOLDINGS LTD amended credit facility of stated amount of the Letter of Credit was reduced from $275 million to $225 million with ING Bank N.V., London Branch as agent and a lender, Bank of Montreal, London Branch as a lender maturing four years from the date of notice from ING to the beneficiary of the Letters of Credit, which notice is required to be given not later than December 31, 2023.
  - Instrument: credit facility
  - Principal: stated amount of the Letter of Credit was reduced from $275 million to $225 million
  - Counterparty: ING Bank N.V., London Branch as agent and a lender, Bank of Montreal, London Branch as a lender
  - Maturity: four years from the date of notice from ING to the beneficiary of the Letters of Credit, which notice is required to be given not later than December 31, 2023
  - Event: amendment
  source text: Pursuant to the Fourth Amendment, (i) the stated amount of the Letter of Credit was reduced from $275 million to $225 million; (ii) the term of the Facility was extended until the date that is four years from the date of notice from ING to the beneficiary of the Letters of Credit, which notice is required to be given not later than December 31, 2023 and (iii) a new provision was added to provide customary rights and obligations to the Agent and the Lenders should an erroneous payment occur.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913144/000119312523269472/0001193125-23-269472-index.htm
- Material Agreements
  RENAISSANCERE HOLDINGS LTD entered into Fourth Amendment to Amended and Restated Letter of Credit Reimbursement Agreement with ING Bank N.V., London Branch; Bank of Montreal, London Branch valued at Reduced stated amount of letter of credit from $275 million to $225 million; extended term (effective 2023-10-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: ING Bank N.V., London Branch; Bank of Montreal, London Branch
  - Value: Reduced stated amount of letter of credit from $275 million to $225 million; extended term
  - Effective: 2023-10-31
  source text: On October 31, 2023, Renaissance Reinsurance Ltd. (“RRL”), a subsidiary of RenaissanceRe Holdings Ltd. (the “Company”), entered into the Fourth Amendment to Amended and Restated Letter of Credit Reimbursement Agreement (the “Fourth Amendment”), by and among RRL, as borrower, ING Bank N.V., London Branch (“ING”), as agent (the “Agent”) and as a lender, and Bank of Montreal, London Branch, as a lender (“BMO” and, together with ING, the “Lenders”), which amended the Amended and Restated Letter of Credit Reimbursement Agreement, dated as of November 7, 2019 (as amended, the “Reimbursement Agreement”), evidencing a secured letter of credit facility (the “Facility”) and providing for the issuance of a letter of credit (the “Letter of Credit”) for the account of RRL to support business written by RRL’s Lloyd’s syndicate, Syndicate 1458.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913144/000119312523269472/0001193125-23-269472-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.