debt
confidence high
sentiment neutral
materiality 0.55
Hamilton Re amends $260M letter of credit facility, renews up to $75M UBS line
Hamilton Insurance Group, Ltd.
- Amendment and Restatement Agreement substitutes $260M letter of credit expiring Dec 31, 2029; fee 150 bps.
- Fifteenth Amendment with UBS renews facility up to $75M (greater of $25M or outstanding), expiring Oct 23, 2026.
- ING Bank N.V. becomes successor agent; Commerzbank and Deutsche Bank join as new lenders; Barclays and BMO retire.
- Guarantor Hamilton Insurance Group confirms its guarantee under the amended agreements.
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