{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-054482","form_type":"8-K","ticker":"BOW","cik":"0002002473","company_name":"Bowhead Specialty Holdings Inc.","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.264453+00:00","generated_at":"2026-05-16T15:56:48.356118+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Bowhead Specialty secures $35M revolving credit facility with PNC Bank, maturing Nov 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-054482","json":"https://secwatch.observer/filing/0001628280-25-054482.json","markdown":"https://secwatch.observer/filing/0001628280-25-054482.md","text":"https://secwatch.observer/filing/0001628280-25-054482.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2002473/000162828025054482/0001628280-25-054482-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2002473/000162828025054482/bow-20251126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:56:48.356118+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"98c4b3fb5b3debbd727621a9a08b1f3146c2a863","claim":"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.","evidence_excerpt":"The Credit Agreement provides for a senior secured revolving credit facility in the aggregate principal amount of $35 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2002473/000162828025054482/0001628280-25-054482-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$35 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"Term SOFR plus 1.75% or alternate base rate plus 0.75%"},{"label":"Maturity","value":"November 26, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}