{"schema_version":"secwatch.filing_event.v1","accession":"0001385613-23-000074","form_type":"8-K","ticker":"GLRE","cik":"0001385613","company_name":"GREENLIGHT CAPITAL RE, LTD.","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.662641+00:00","generated_at":"2026-06-13T18:53:24.414156+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Greenlight Capital Re enters $75M term loan facility; refinances convertible notes due Aug 2023","bullets":["Delayed draw term loan of $75M; matures Aug 1, 2026; interest at Term SOFR + 3.50% p.a.","Proceeds to repay outstanding convertible notes due Aug 1, 2023; balance for general corporate purposes.","Financial covenants: net debt to cap & surplus ≤ 17.5%; min cap & surplus to PCR ratios of 137% and 105%.","Collateralized by $10M cash account; guaranteed by subsidiaries except regulated insurance entities."],"urls":{"canonical":"https://secwatch.observer/filing/0001385613-23-000074","json":"https://secwatch.observer/filing/0001385613-23-000074.json","markdown":"https://secwatch.observer/filing/0001385613-23-000074.md","text":"https://secwatch.observer/filing/0001385613-23-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000074/0001385613-23-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000074/glre-20230616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T18:53:24.414156+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b46bb40fb01c13e64b5db653a8da0536de4b6ca","claim":"GREENLIGHT CAPITAL RE, LTD. entered into Credit Agreement with CIBC Bank USA valued at delayed draw term loan facility, aggregate amount of $75.0 million, matures August 1, 2026, interest (effective 2023-06-16).","evidence_excerpt":"On June 16, 2023, Greenlight Capital Re, Ltd. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”) with a group of banks (the “ Banks ”), for which CIBC Bank USA is acting as administrative agent (the “ Administrative Agent ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000074/0001385613-23-000074-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CIBC Bank USA"},{"label":"Value","value":"delayed draw term loan facility, aggregate amount of $75.0 million, matures August 1, 2026, interest"},{"label":"Effective","value":"2023-06-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}