secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-033708
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar completes $311M acquisition of Gray Surety, closes $450M credit facility
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- Completed acquisition of The Gray Casualty & Surety Company for approx $311M in cash on Jan 31, 2026.
- New $450M unsecured credit facility closed Jan 27, 2026: $150M revolver and $300M term loan maturing Jan 27, 2031.
- Acquisition funded with term loan proceeds and cash on hand; facility includes $100M uncommitted incremental capacity.
- Gray Surety is a national surety carrier; CEO says deal strengthens surety franchise and supports Palomar 2x strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000119312526033708/0001193125-26-033708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000119312526033708/plmr-20260202.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-033708

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer