secwatch.observer — SEC 8-K summary
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Issuer:     Skyward Specialty Insurance Group, Inc. (SKWD)
CIK:        0001519449
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0001519449-25-000066
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519449/000151944925000066/0001519449-25-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519449/000151944925000066/skwd-20251118.htm
  HTML page:      https://secwatch.observer/filing/0001519449-25-000066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer