{"schema_version":"secwatch.filing_event.v1","accession":"0001519449-23-000015","form_type":"8-K","ticker":"SKWD","cik":"0001519449","company_name":"Skyward Specialty Insurance Group, Inc.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.213872+00:00","generated_at":"2026-06-17T06:56:48.577401+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Skyward Specialty enters $150M credit facility with Truist, replaces prior bank debt","bullets":["$150M revolving credit facility; up to $30M for letters of credit; accordion feature allows $50M increase to $200M.","Interest: SOFR + 150-190 bps or base rate + 50-90 bps; maturity March 29, 2028.","Prior Prosperity Bank credit agreement terminated; all outstanding amounts repaid on March 29, 2023.","Unsecured facility guaranteed by non-insurance subsidiaries; covenants include minimum net worth, debt-to-cap ratio, A.M. Best rating, minimum liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001519449-23-000015","json":"https://secwatch.observer/filing/0001519449-23-000015.json","markdown":"https://secwatch.observer/filing/0001519449-23-000015.md","text":"https://secwatch.observer/filing/0001519449-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519449/000151944923000015/0001519449-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519449/000151944923000015/skwd-20230329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:56:48.577401+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"89c8f2e6bd2019f96a322f6591609d8d58e0dc38","claim":"Skyward Specialty Insurance Group, Inc. incurred credit facility of $150.0 million with Truist Bank at term SOFR plus a margin, which will range from 150 basis points to 190 basis poi maturing March 29, 2028.","evidence_excerpt":"parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent (the “Agent”). The initial maximum principal amount of the Facility is $150.0 million. The Facility provides that the Company may utilize a portion of the maximum principal amount, not to exceed $30.0 million, for the issuance of one or more letters of credit.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519449/000151944923000015/0001519449-23-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$150.0 million"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Rate","value":"term SOFR plus a margin, which will range from 150 basis points to 190 basis poi"},{"label":"Maturity","value":"March 29, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4ce7b69be1f686fef58c89fe582d8926cc45f9f9","claim":"Skyward Specialty Insurance Group, Inc. terminated Credit Agreement with Prosperity Bank (effective 2023-03-29).","evidence_excerpt":"the Company terminated its Credit Agreement dated as of December 11, 2019, between the Company and Prosperity Bank (the “Prior Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519449/000151944923000015/0001519449-23-000015-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Prosperity Bank"},{"label":"Effective","value":"2023-03-29"}],"fact_type":"material_agreement"},{"claim_id":"7b5866e85e2ed28678d6b190b9ba1fd1d6d37b67","claim":"Skyward Specialty Insurance Group, Inc. entered into Credit Agreement with Truist Bank valued at $150.0 million (effective 2023-03-29).","evidence_excerpt":"On March 29, 2023, Skyward Specialty Insurance Group, Inc. (the \"Company\"), a Delaware corporation, entered into a Credit Agreement (the “Facility”) by and among the Company as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent (the “Agent”). The initial maximum principal amount of the Facility is $150.0 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519449/000151944923000015/0001519449-23-000015-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Value","value":"$150.0 million"},{"label":"Effective","value":"2023-03-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}