secwatch.observer — SEC 8-K summary
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Issuer:     REINSURANCE GROUP OF AMERICA INC (RGA)
CIK:        0000898174
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001193125-23-277157
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RGA enters $500M letter of credit facility with Crédit Agricole, replaces 2017 agreement
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- New $500 million LC facility with Crédit Agricole Corporate and Investment Bank, effective Nov 13, 2023.
- Replaces prior $500M LC reimbursement agreement dated May 17, 2017.
- LC fee ranges from 0.40% to 1.20% p.a. based on debt rating and utilization; commitment fee 0.15%–0.30%.
- Availability period through Nov 13, 2027; outstanding LCs must expire by Nov 13, 2028.
- Early termination fee of $1M if agreement terminated before Nov 13, 2025 (subject to exceptions).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898174/000119312523277157/0001193125-23-277157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898174/000119312523277157/d301260d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-277157

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