Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Palomar Holdings, Inc. incurred credit facility of $450 million with U.S. Bank National Association, as administrative agent at Term SOFR or the Alternate Base Rate plus an applicable margin of 1.5% to 1.75% maturing January 27, 2031.
- Instrument
- credit facility
- Principal
- $450 million
- Counterparty
- U.S. Bank National Association, as administrative agent
- Rate
- Term SOFR or the Alternate Base Rate plus an applicable margin of 1.5% to 1.75%
- Maturity
- January 27, 2031
- Event
- incurrence
Exact text from the filing
agent, and (iv) U.S. Bank National Association and KeyBank National Association, each as joint lead arranger and joint book runner, for unsecured credit facilities totaling $450 million, comprised of a $150 million revolving facility (the “Revolver”) and a $300 million term loan (the “Term Loan”). The facilities mature on January 27, 2031. The Credit Agreement
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Palomar Holdings, Inc. completed an acquisition involving BCP Surety Group Sole Member, LLC for approximately $311 million (closed 2026-01-31).
- Action
- acquisition
- Counterparty
- BCP Surety Group Sole Member, LLC
- Consideration
- approximately $311 million
- Closing
- 2026-01-31
Exact text from the filing
pursuant to the Purchase Agreement and acquired all of the issued and outstanding equity interests of Target. Pursuant to the Purchase Agreement, the Company paid approximately $311 million (the “Purchase Price”) in cash in connection with the Transaction. The Purchase Price was funded with the proceeds from the Term Loan and cash on hand. The summary description of
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Palomar Holdings, Inc. entered into Credit Agreement with U.S. Bank National Association, KeyBank National Association, Citizens Bank, N.A, The Huntington National Bank, PNC Bank, National Association, and Wells Fargo Banks, National Association valued at $450 million (effective 2026-01-27).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association, KeyBank National Association, Citizens Bank, N.A, The Huntington National Bank, PNC Bank, National Association, and Wells Fargo Banks, National Association
- Value
- $450 million
- Effective
- 2026-01-27
Exact text from the filing
On January 27, 2026, the Company entered into a credit agreement (the “Credit Agreement”) with (i) U.S. Bank National Association, a national banking association, as administrative agent for the Lenders (as defined below), (ii) KeyBank National Association, as syndication agent, (iii) Citizens Bank, N.A, The Huntington National Bank, PNC Bank, National Association, and Wells Fargo Banks, National Association, each as documentation agent, and (iv) U.S. Bank National Association and KeyBank National Association, each as joint lead arranger and joint book runner, for unsecured credit facilities totaling $450 million, comprised of a $150 million revolving facility (the “Revolver”) and a $300 million term loan (the “Term Loan”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Palomar Holdings, Inc. amended Amendment with Seller (effective 2026-01-30).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- Seller
- Effective
- 2026-01-30
Exact text from the filing
Amendment to Purchase Agreement On January 30, 2026, Buyer entered into an amendment to equity purchase agreement with Seller (the “Amendment”).
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