secwatch.observer — SEC 8-K summary
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Issuer:     Enstar Group LTD (—)
CIK:        0001363829
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001363829-23-000144
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enstar enters $800M revolving credit facility; shareholders re-elect all 12 directors
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- New five-year unsecured $800M revolver replaces $600M facility expiring 2023; matures May 30, 2028.
- Consolidated net worth must stay ≥ $4.3B plus 50% of net income/proceeds; gearing ratio ≤ 0.35:1.
- Shareholders voted: all director nominees elected, say-on-pay approved (8.27M for, 4.91M against), annual vote frequency adopted.
- Borrowers include Enstar and units (Kenmare, Enstar US Asia-Pac, Cavello Bay); NAB and Wells Fargo as lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1363829/000136382923000144/0001363829-23-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1363829/000136382923000144/esgr-20230530.htm
  HTML page:      https://secwatch.observer/filing/0001363829-23-000144

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