---
schema_version: "secwatch.filing_event.v1"
accession: "0001519449-25-000066"
form_type: "8-K"
ticker: "SKWD"
cik: "0001519449"
company_name: "Skyward Specialty Insurance Group, Inc."
filed_at: "2025-11-18T23:59:59+00:00"
generated_at: "2026-05-16T18:46:37.078477+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Skyward Specialty enters $150M revolving credit facility, expands to $250M on Apollo close

## Summary
- Skyward entered new $150M unsecured revolving credit facility, increasing to $250M upon closing of Apollo Group acquisition.
- Facility matures November 12, 2030; interest rates at term SOFR +150-190 bps or base rate +50-90 bps.
- Prior credit agreement terminated and all outstanding amounts fully repaid.
- Financial covenants include minimum consolidated net worth, max debt to capitalization, minimum A.M. Best rating, and minimum liquidity.
- Undrawn commitment fee ranging from 0.20% to 0.35% based on debt to capitalization ratio.

## SEC filing metadata
- accession: 0001519449-25-000066
- form_type: 8-K
- ticker: SKWD
- cik: 0001519449
- company_name: Skyward Specialty Insurance Group, Inc.
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519449/000151944925000066/0001519449-25-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519449/000151944925000066/skwd-20251118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001519449-25-000066
- JSON: https://secwatch.observer/filing/0001519449-25-000066.json
- Plain text: https://secwatch.observer/filing/0001519449-25-000066.txt

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