debt
confidence high
sentiment neutral
materiality 0.50
Subsidiary enters $57M FHLB term loan at 4.00% fixed rate, maturing in 4.5 years
Skyward Specialty Insurance Group, Inc.
- Houston Specialty Insurance Co., wholly owned subsidiary, borrowed $57M from the Federal Home Loan Bank of Dallas.
- Loan is a 4.5-year term loan with interest-only payments; interest rate fixed at 4.00%.
- Principal due in full at maturity; loan fully secured by a pledge of specific investment securities.