AXIS CAPITAL HOLDINGS LTD (AXS): debt financing — AXIS Capital extends $300M LC facility with Citibank to March 2027

AXIS CAPITAL HOLDINGS LTD

Existing $300M secured LC facility amended to extend tenor of issuable LCs to March 31, 2027.
Availability period for new LCs extended to March 31, 2026 (was March 31, 2025).
All other terms of the facility remain unchanged; no new borrowing or increase in size.
Amendment dated March 23, 2025; filed as Exhibit 10.1.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AXIS CAPITAL HOLDINGS LTD amended credit facility with Citibank Europe plc maturing March 31, 2027.

Instrument: credit facility
Counterparty: Citibank Europe plc
Maturity: March 31, 2027
Event: amendment

Exact text from the filing

Pursuant to an Amendment Agreement, dated March 23, 2025, 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 $300 million secured letter of credit facility with Citibank Europe plc to extend the tenors of issuable letters of credit to March 31, 2027 (the “Amendment”).

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Source: SEC EDGAR

accession 0001214816-25-000077

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