Greenlight Capital Re secures $100M HSBC and $275M Citibank uncommitted LOCs

GREENLIGHT CAPITAL RE, LTD.

Greenlight Reinsurance entered a $100M uncommitted LOC with HSBC, secured by cash collateral at HSBC Continental Europe.
Amended existing Citibank facility to a $275M uncommitted LOC, replacing the prior committed facility that expired Aug 2024.
Both facilities are uncommitted; HSBC and Citibank may terminate on notice; outstanding letters of credit survive termination.
Proceeds support continued growth of Greenlight's reinsurance business.
Obligations under both facilities are secured by first-priority liens on cash collateral accounts.

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