---
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"
generated_at: "2026-06-04T05:48:13.419267+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital amends $500M credit facility, reduces committed capacity to $300M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000033
- JSON: https://secwatch.observer/filing/0001214816-24-000033.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000033.txt

## Key facts
- Material Agreements
  AXIS CAPITAL HOLDINGS LTD amended a credit facility with Citibank Europe plc valued at $500 million (effective 2024-03-26).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank Europe plc
  - Value: $500 million
  - Effective: 2024-03-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000033/0001214816-24-000033-index.htm

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