secwatch.observer — SEC 8-K summary
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Issuer:     Skyward Specialty Insurance Group, Inc. (SKWD)
CIK:        0001519449
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0001519449-26-000002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyward Specialty closes $555M acquisition of Apollo, financed with $300M debt facility
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- Total consideration $555M: $371M cash plus 3,679,332 shares of SKWD common stock.
- Closed Jan 1, 2026; cash portion funded by new $300M unsecured term loan facility (Tranche A $150M, matures Jan 2028; Tranche B $150M, matures Jul 2029).
- Apollo is now a wholly owned subsidiary; acquisition expands Skyward's specialty insurance capabilities.
- Credit agreement includes covenants on minimum net worth, max debt-to-capitalization, and minimum A.M. Best rating.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519449/000151944926000002/0001519449-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519449/000151944926000002/skwd-20260106.htm
  HTML page:      https://secwatch.observer/filing/0001519449-26-000002

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