AXIS CAPITAL HOLDINGS LTD (AXS): debt financing — AXIS Capital amends $300M LC facility to reduce capacity to $250M and extend tenor to 2028

AXIS CAPITAL HOLDINGS LTD

Aggregate secured capacity reduced from $300M to $250M; sublimit of $40M for Axis Reinsurance Company.
Letters of credit tenor extended to March 31, 2028; availability period ends March 31, 2027.
Amendment executed March 23, 2026 with Citibank Europe plc; other terms unchanged.

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 of $250 million with Citibank Europe plc maturing March 31, 2028.

Instrument: credit facility
Principal: $250 million
Counterparty: Citibank Europe plc
Maturity: March 31, 2028
Event: amendment

Exact text from the filing

Pursuant to an Amendment Agreement dated March 23, 2026, 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 reduce the aggregate secured capacity to $250 million and extend the tenors of issuable letters of credit to March 31, 2028

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AXIS CAPITAL HOLDINGS LTD amended Amendment with Citibank Europe plc valued at $300 million reduced to $250 million (effective 2026-03-23).

Action: amendment
Agreement: credit facility
Counterparty: Citibank Europe plc
Value: $300 million reduced to $250 million
Effective: 2026-03-23

Exact text from the filing

Pursuant to an Amendment Agreement dated March 23, 2026, 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 reduce the aggregate secured capacity to $250 million and extend the tenors of issuable letters of credit to March 31, 2028 (the “Amendment”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001214816-26-000120

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