{"schema_version":"secwatch.filing_event.v1","accession":"0001385613-23-000119","form_type":"8-K","ticker":"GLRE","cik":"0001385613","company_name":"GREENLIGHT CAPITAL RE, LTD.","filed_at":"2023-12-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.822254+00:00","generated_at":"2026-06-07T06:50:41.930236+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Greenlight Re enters $200M letter of credit facility with CIBC Bank; includes $30M revolver","bullets":["$200M LC facility ($30M sublimit for unsecured LCs) with CIBC Bank USA.","Revolving credit facility of $30M to support unsecured LCs; interest at base rate + 2.50%.","Term of one year, matures Dec 21, 2024, with automatic one-year extension.","LC issuance fee 0.25% of face amount; annual fee 0.25% of average daily undrawn amount.","Facility secured by cash collateral account with minimum balance equal to outstanding LC face amount."],"urls":{"canonical":"https://secwatch.observer/filing/0001385613-23-000119","json":"https://secwatch.observer/filing/0001385613-23-000119.json","markdown":"https://secwatch.observer/filing/0001385613-23-000119.md","text":"https://secwatch.observer/filing/0001385613-23-000119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000119/0001385613-23-000119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000119/glre-20231222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:50:41.930236+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":"67ae4eba42b4d2a36d4aee51459d36fc4b1bc8cc","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000119/0001385613-23-000119-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$30.0 million"},{"label":"Counterparty","value":"CIBC Bank USA"},{"label":"Rate","value":"base rate plus 2.50% per annum"},{"label":"Maturity","value":"December 21, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c9607a3fc3a661917ca385025e3d8c9e18af4cc0","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000119/0001385613-23-000119-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"CIBC Bank USA"},{"label":"Rate","value":"0.25% of the face amount"},{"label":"Maturity","value":"December 21, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"162390dfcb75d9dd630473bfda9f8bc7e690a6ac","claim":"GREENLIGHT CAPITAL RE, LTD. entered into Credit Agreement with CIBC Bank USA valued at $200.0 million (effective 2023-12-22).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1385613/000138561323000119/0001385613-23-000119-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CIBC Bank USA"},{"label":"Value","value":"$200.0 million"},{"label":"Effective","value":"2023-12-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}