Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hamilton Insurance Group, Ltd. amended revolving credit of greater of (i) $25 million and (ii) the letter of credit amount issued and outstanding, provided that such amount shall with UBS AG, Stamford Branch maturing October 23, 2026.
- Instrument
- revolving credit
- Principal
- greater of (i) $25 million and (ii) the letter of credit amount issued and outstanding, provided that such amount shall
- Counterparty
- UBS AG, Stamford Branch
- Maturity
- October 23, 2026
- Event
- amendment
Exact text from the filing
Pursuant to the Fifteenth Amendment, UBS renewed the letter of credit facility in an amount equal to the greater of (i) $25 million and (ii) the letter of credit amount issued and outstanding, provided that such amount shall not exceed $75 million, for a term that will expire on October 23, 2026. All other terms and conditions remain substantially unchanged.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Hamilton Insurance Group, Ltd. incurred revolving credit of $260 million with ING Bank N.V., London Branch; Commerzbank AG, New York Branch; Deutsche Bank AG, London Branch at 150.0 basis points per annum on issued letters of credit maturing December 31, 2029.
- Instrument
- revolving credit
- Principal
- $260 million
- Counterparty
- ING Bank N.V., London Branch; Commerzbank AG, New York Branch; Deutsche Bank AG, London Branch
- Rate
- 150.0 basis points per annum on issued letters of credit
- Maturity
- December 31, 2029
- Event
- incurrence
Exact text from the filing
Pursuant to the Amendment, an unsecured letter of credit previously issued to Lloyd’s is being substituted with a new letter of credit issued under the Facility Agreement and such letter of credit will expire on December 31, 2029. The amount of the letter of credit is $260 million and the facility bears a fee of 150.0 basis points per annum on issued letters of credit.
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