---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-26-000044"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:16:13.056089+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 $300M LC facilities; GC Sigmon rescinds resignation

## Summary
- Entered $300M committed LC facilities with CIBC: $50M for GRIL, $250M for Greenlight Re.
- LC facilities mature December 22, 2027, with automatic annual extensions.
- David Sigmon rescinded resignation, continues as General Counsel, CCO, and Corporate Secretary.
- Obligations secured by first-priority lien on cash collateral accounts equal to face amount of outstanding LCs.

## SEC filing metadata
- accession: 0001385613-26-000044
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000044/0001385613-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000044/glre-20260331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-26-000044
- JSON: https://secwatch.observer/filing/0001385613-26-000044.json
- Plain text: https://secwatch.observer/filing/0001385613-26-000044.txt

## Source-grounded claims
- claim_id: 07700d807c9f783cb36bbea923041a003fea5a65
  claim: GREENLIGHT CAPITAL RE, LTD. incurred debt of $300.0 million with CIBC Bank USA maturing December 22, 2027.
  evidence_excerpt: (the “ Company ”), entered into a Master Letter of Credit Agreement (the “ GRIL LC Agreement ”) with CIBC Bank USA (“ CIBC ”), which provides for a committed letter of credit facility (the “ GRIL LC Facility ”) and (ii) Greenlight Reinsurance, Ltd.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000044/0001385613-26-000044-index.htm
- claim_id: 854569b62c176ca666562f7f7c42a02268b4faa4
  claim: GREENLIGHT CAPITAL RE, LTD. amended Greenlight Re LC Agreement with CIBC Bank USA valued at Amended and restated letter of credit facility with an initial commitment of $250,000,000 (effective 2026-04-01).
  evidence_excerpt: and (ii) Greenlight Reinsurance, Ltd. (“ Greenlight Re ”, and together with GRIL, the “ LC Applicants ”, and each, an “ LC Applicant ”), a direct subsidiary of the Company, entered into an Amended and Restated Master Letter of Credit Agreement with CIBC (the “ Greenlight Re LC Agreement ”), which provides for a committed letter of credit facility (the “ Greenlight Re LC Facility ”, and together with the GRIL LC Facility, the “ LC Facilities ” and each, an “ LC Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000044/0001385613-26-000044-index.htm
- claim_id: fb07731bff7c13c5d5d7b3a2df1cfd4bd0ed0a94
  claim: GREENLIGHT CAPITAL RE, LTD. entered into GRIL LC Agreement with CIBC Bank USA valued at Committed letter of credit facility with an initial commitment of $50,000,000 (effective 2026-04-01).
  evidence_excerpt: On April 1, 2026 (the “ Closing Date ”), (i) Greenlight Reinsurance Ireland, Designated Activity Company (“ GRIL ”), a direct subsidiary of Greenlight Capital Re, Ltd. (the “ Company ”), entered into a Master Letter of Credit Agreement (the “ GRIL LC Agreement ”) with CIBC Bank USA (“ CIBC ”), which provides for a committed letter of credit facility (the “ GRIL LC Facility ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000044/0001385613-26-000044-index.htm

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