---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-24-000037"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:34:32.117208+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Greenlight Re receives notice of $275M letter of credit facility termination by Citi, effective Aug 20, 2024

## Summary
- Citi terminated commitment under $275M letter of credit facility; effective Aug 20, 2024, after 120-day notice.
- Citi will provide $275M facility on an uncommitted basis for the foreseeable future after termination.
- Greenlight Re already has $200M committed letter of credit facility with CIBC Bank USA from Dec 2023.
- Company does not intend to replace the facility immediately due to existing alternatives.
- Termination is without cause, permitted under either party's right with 120-day notice.

## SEC filing metadata
- accession: 0001385613-24-000037
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000037/0001385613-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000037/glre-20240412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-24-000037
- JSON: https://secwatch.observer/filing/0001385613-24-000037.json
- Plain text: https://secwatch.observer/filing/0001385613-24-000037.txt

## Key facts
- Material Agreements
  GREENLIGHT CAPITAL RE, LTD. terminated Facility with Citibank Europe plc valued at $275,000,000 (effective 2024-04-12).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Citibank Europe plc
  - Value: $275,000,000
  - Effective: 2024-04-12
  source text: On April 12, 2024, Greenlight Capital Re, Ltd. (the “Registrant”) received written notice (the “Notice”) from Citibank Europe plc (“Citi”) of its decision to terminate its commitment under the $275,000,000 letter of credit facility agreement, between the Registrant’s subsidiary Greenlight Reinsurance, Ltd. ("Greenlight Reinsurance") and Citi, dated August 20, 2010, as amended (the “Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000037/0001385613-24-000037-index.htm

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