Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
GREENLIGHT CAPITAL RE, LTD. incurred revolving credit of $30.0 million with CIBC Bank USA at base rate plus 2.50% per annum maturing December 21, 2024.
- Instrument
- revolving credit
- Principal
- $30.0 million
- Counterparty
- CIBC Bank USA
- Rate
- base rate plus 2.50% per annum
- Maturity
- December 21, 2024
- Event
- incurrence
Exact text from the filing
the Credit Agreement provides, subject to the conditions set forth therein, for a revolving credit facility (the “ Revolving Credit Facility ”), in an aggregate amount of $30.0 million.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
GREENLIGHT CAPITAL RE, LTD. incurred credit facility of $200.0 million with CIBC Bank USA at 0.25% of the face amount maturing December 21, 2024.
- Instrument
- credit facility
- Principal
- $200.0 million
- Counterparty
- CIBC Bank USA
- Rate
- 0.25% of the face amount
- Maturity
- December 21, 2024
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides, subject to certain conditions set forth therein, for a committed letter of credit facility (the “ LC Facility ”), in an aggregate amount of $200.0 million, with a $30.0 million sublimit for unsecured letters of credit.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GREENLIGHT CAPITAL RE, LTD. entered into Credit Agreement with CIBC Bank USA valued at $200.0 million (effective 2023-12-22).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- CIBC Bank USA
- Value
- $200.0 million
- Effective
- 2023-12-22
Exact text from the filing
On December 22, 2023, Greenlight Reinsurance, Ltd. (“ Greenlight ”), a direct subsidiary of Greenlight Capital Re, Ltd. (the "Company"), entered into a Credit Agreement (the “ Credit Agreement ”) with CIBC Bank USA, acting as a lender and a letters of credit issuer (the “ LC Issuer ”).
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