---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-25-000103"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:16:23.037587+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Greenlight Capital Re enters $50M revolving credit facility and £50M LC facility

## Summary
- Refinanced $50M CIBC revolver due Sept 3, 2030 at Term SOFR+3.25%; repaid existing $59M term loan.
- Facility secured by first-priority lien on $10M minimum cash collateral account held at CIBC.
- Covenants: max net debt to capital & surplus ratio 15%; min capital ratios of 137% and 105% for insurance subs.
- Entered uncommitted £50M letter of credit facility with Citibank to support Funds at Lloyd's business, guaranteed by parent.

## SEC filing metadata
- accession: 0001385613-25-000103
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000103/0001385613-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000103/glre-20250903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-25-000103
- JSON: https://secwatch.observer/filing/0001385613-25-000103.json
- Plain text: https://secwatch.observer/filing/0001385613-25-000103.txt

## Key facts
- Debt Financings
  GREENLIGHT CAPITAL RE, LTD. amended revolving credit of $50 million revolving credit facility with CIBC Bank USA at Term SOFR plus 3.25% per annum maturing September 3, 2030.
  - Instrument: revolving credit
  - Principal: $50 million revolving credit facility
  - Counterparty: CIBC Bank USA
  - Rate: Term SOFR plus 3.25% per annum
  - Maturity: September 3, 2030
  - Event: amendment
  source text: date of the Amendment, the " Existing Credit Agreement ", and as further amended by the Amendment, the “ Amended Credit Agreement ”). The Amended Credit Agreement provides for a $50 million revolving credit facility (the “ Revolving Credit Facility ”), proceeds which were used to refinance in full the Company’s term loan facility under the Existing Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000103/0001385613-25-000103-index.htm

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