---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-26-000120"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:09:59.688097+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital amends $300M LC facility to reduce capacity to $250M and extend tenor to 2028

## Summary
- 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.

## SEC filing metadata
- accession: 0001214816-26-000120
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481626000120/0001214816-26-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481626000120/axs-20260323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-26-000120
- JSON: https://secwatch.observer/filing/0001214816-26-000120.json
- Plain text: https://secwatch.observer/filing/0001214816-26-000120.txt

## Source-grounded claims
- claim_id: f42518432b0c2ed414c6e89d89a2d6f608925673
  claim: AXIS CAPITAL HOLDINGS LTD amended credit facility of $250 million with Citibank Europe plc maturing March 31, 2028.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481626000120/0001214816-26-000120-index.htm
- claim_id: c76a9bb6089414145c801d1e990570e3437aca6a
  claim: AXIS CAPITAL HOLDINGS LTD amended Amendment with Citibank Europe plc valued at $300 million reduced to $250 million (effective 2026-03-23).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481626000120/0001214816-26-000120-index.htm

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