debt
confidence high
sentiment neutral
materiality 0.55
James River Group enters new $212.5M unsecured credit facility maturing June 2028
James River Group Holdings, Inc.
- New $212.5M unsecured revolving credit facility replaces prior $212.5M unsecured and $45M secured facilities.
- Facility matures June 12, 2028; interest based on SOFR plus margin tied to leverage ratio.
- Accordion feature permits up to $30M in additional commitments subject to conditions.
- Subsidiaries James River Group Holdings UK Ltd. and James River Group, Inc. guarantee obligations.
- Covenants include maximum leverage ratio, minimum consolidated net worth, and RBC ratio requirements.
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