SiriusPoint enters $400M senior unsecured revolving credit facility maturing 2028

SiriusPoint Ltd

$400M facility with JPMorgan as administrative agent; maturity Dec 29, 2028, extendable 12 months with lender consent.
Borrowings at SOFR + 1.125%-2.00% or base rate + 0.125%-1.00%, based on credit ratings.
Unused commitment fee 0.125%-0.30% per annum, payable quarterly in arrears.
Funds for working capital, general corporate purposes, and letters of credit for insurance/reinsurance obligations.
Financial covenants include minimum tangible net worth, max debt-to-capitalization ratio, and financial strength rating test.

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