debt
confidence high
sentiment neutral
materiality 0.50
Palomar enters $100M revolving credit facility with U.S. Bank, maturing Dec 2026
Palomar Holdings, Inc.
- $100M unsecured revolving credit facility, maturing December 8, 2026.
- Interest at SOFR + 1.75% or base rate + 0.75%; no prepayment premium.
- Guaranteed by four domestic insurance subsidiaries.
- Facility includes customary covenants, events of default, and negative pledge on assets.
- Commitment fee and unused fee apply; proceeds for general corporate purposes.