{"schema_version":"secwatch.filing_event.v1","accession":"0001214816-24-000033","form_type":"8-K","ticker":"AXS","cik":"0001214816","company_name":"AXIS CAPITAL HOLDINGS LTD","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.598532+00:00","generated_at":"2026-06-04T05:48:13.419267+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"AXIS Capital amends $500M credit facility, reduces committed capacity to $300M","bullets":["Committed capacity reduced from $500M to $300M; uncommitted secured LOC facility added.","Letter of credit tenors extended to March 31, 2026.","Collateral and fee arrangements updated with Citibank Europe plc.","Involves six subsidiaries: AXIS Specialty, AXIS Re SE, AXIS Specialty Europe, AXIS Insurance, AXIS Surplus, AXIS Reinsurance."],"urls":{"canonical":"https://secwatch.observer/filing/0001214816-24-000033","json":"https://secwatch.observer/filing/0001214816-24-000033.json","markdown":"https://secwatch.observer/filing/0001214816-24-000033.md","text":"https://secwatch.observer/filing/0001214816-24-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1214816/000121481624000033/0001214816-24-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1214816/000121481624000033/axs-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:48:13.419267+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3006b8f5d353933e9fe90ec93192dd79b2c7ba78","claim":"AXIS CAPITAL HOLDINGS LTD amended a credit facility with Citibank Europe plc valued at $500 million (effective 2024-03-26).","evidence_excerpt":"On March 26, 2024, AXIS Specialty Limited, AXIS Re SE, AXIS Specialty Europe SE, AXIS Insurance Company, AXIS Surplus Insurance Company and AXIS Reinsurance Company (the “Companies”), each a subsidiary of AXIS Capital Holdings Limited, a Bermuda company, amended their existing $500 million secured letter of credit facility with Citibank Europe plc to: (i) reduce the committed utilization capacity available under the facility to $300 million; (ii) enter into an uncommitted secured letter of credit facility with Citibank Europe plc; (iii) extend the tenors of issuable letters of credit to March 31, 2026; and (iv) make certain updates to the facility's collateral and fee arrangements.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1214816/000121481624000033/0001214816-24-000033-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank Europe plc"},{"label":"Value","value":"$500 million"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}