---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-24-000003"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:31:23.994287+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Axis Capital extends $500M secured letter of credit facility to 2025/2026

## Summary
- Amended existing $500M secured LC facility with Citibank Europe plc.
- Non-AUD/NZD LCs extended to March 31, 2025; AUD/NZD LCs extended to March 31, 2026.
- Amendment effective December 31, 2023; involves six Axis subsidiaries.
- Facility comprises three tranches with sub-limits for each tenor bucket.

## SEC filing metadata
- accession: 0001214816-24-000003
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000003/0001214816-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000003/axs-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000003
- JSON: https://secwatch.observer/filing/0001214816-24-000003.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000003.txt

## Key facts
- Material Agreements
  AXIS CAPITAL HOLDINGS LTD amended Amendment with Citibank Europe plc valued at $500 million (effective 2023-12-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank Europe plc
  - Value: $500 million
  - Effective: 2023-12-31
  source text: Pursuant to a Deed of Amendment, dated December 29, 2023, AXIS Specialty Limited, AXIS Re SE, AXIS Specialty Europe SE, AXIS Insurance Company, AXIS Surplus Insurance Company and AXIS Reinsurance Company (the “Companies”) amended their existing $500 million secured letter of credit facility with Citibank Europe plc to extend the tenors of issuable letters of credit (i) denominated in a currency other than Australian or New Zealand dollars to March 31, 2025; and (ii) denominated in either Australian dollars or New Zealand dollars to March 31, 2026 (the “Amendment”). The Amendment is effective December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000003/0001214816-24-000003-index.htm

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