Bowhead Specialty Holdings Inc. (BOW): debt financing — Bowhead Specialty secures $35M revolving credit facility with PNC Bank, maturing Nov 2027

Bowhead Specialty Holdings Inc.

Facility is a $35M senior secured revolving credit agreement; no borrowings made at closing (Nov 26, 2025).
Maturity on earlier of Nov 26, 2027 or 91 days prior to termination of any MGA Agreement.
Interest rate: Term SOFR + 1.75% or Alternate Base Rate + 0.75%; unused commitment fee 0.25% per annum.
Financial covenants include debt cap of 35% of total capitalization, 400% RBC ratio for insurance subs, and minimum net worth of $319M plus 50% of positive net income.
Borrowings secured by first-priority lien on substantially all assets; proceeds for general corporate purposes.

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

Bowhead Specialty Holdings Inc. incurred revolving credit of $35 million with PNC Bank, National Association at Term SOFR plus 1.75% or alternate base rate plus 0.75% maturing November 26, 2027.

Instrument: revolving credit
Principal: $35 million
Counterparty: PNC Bank, National Association
Rate: Term SOFR plus 1.75% or alternate base rate plus 0.75%
Maturity: November 26, 2027
Event: incurrence

Exact text from the filing

The Credit Agreement provides for a senior secured revolving credit facility in the aggregate principal amount of $35 million

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bowhead Specialty Holdings Inc. entered into Credit Agreement with PNC Bank, National Association, as administrative agent, and the lenders and issuing banks party from time to time valued at $35 million (effective 2025-11-26).

Action: entry
Agreement: credit facility
Counterparty: PNC Bank, National Association, as administrative agent, and the lenders and issuing banks party from time to time
Value: $35 million
Effective: 2025-11-26

Exact text from the filing

On November 26, 2025 (the “Effective Date”), Bowhead Specialty Holdings Inc. (the “Company”), entered into a senior revolving credit agreement (the “Credit Agreement”) with the lenders and issuing banks party from time to time thereto and with PNC Bank, National Association (“PNC”), as administrative agent (the “Administrative Agent”).

View on SEC.gov

Browse all debt financings →

Bowhead Specialty Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-054482

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.