debt
confidence high
sentiment neutral
materiality 0.45
Hamilton Insurance refinances $450M revolver and $150M term loan, maturities extended to 2029/2028
Hamilton Insurance Group, Ltd.
- Entered $450M Sixth Amended & Restated Credit Agreement with Wells Fargo, Truist, Commerzbank, others; matures June 9, 2029.
- Entered $150M Amended & Restated Term Loan Facility maturing June 9, 2028 to refinance existing term loan.
- Interest on revolver and term loan at SOFR + 1.375%-1.750% or base rate + 0.375%-0.750%, based on issuer rating.
- No borrowings outstanding on prior revolver as of June 10, 2025; facilities for working capital, letters of credit, and general corporate purposes.
- Financial covenants include minimum tangible net worth test and maximum indebtedness-to-capitalization ratio.
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