James River Group Holdings, Inc. (JRVR): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

James River Group Holdings, Inc. incurred credit facility of $212.5 million with KeyBank National Association at based on a base rate or a term rate based on SOFR, in each case plus a specified maturing June 12, 2028.

Instrument: credit facility
Principal: $212.5 million
Counterparty: KeyBank National Association
Rate: based on a base rate or a term rate based on SOFR, in each case plus a specified
Maturity: June 12, 2028
Event: incurrence

Exact text from the filing

Agreement replaced the Company’s previous Third Amended and Restated Credit Agreement dated as of July 7, 2023, as amended (the “Previous Credit Agreement”), that provided for a $212.5 million unsecured revolving credit facility and a $45 million secured revolving credit facility. The Credit Agreement provides for a $212.5 million unsecured revolving credit facility

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James River Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001620459-25-000090

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