secwatch.observer — SEC 8-K summary
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Issuer:     GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK:        0001385613
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001385613-25-000103
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385613/000138561325000103/0001385613-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385613/000138561325000103/glre-20250903.htm
  HTML page:      https://secwatch.observer/filing/0001385613-25-000103

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