---
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"
generated_at: "2026-05-16T15:56:48.356118+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bowhead Specialty secures $35M revolving credit facility with PNC Bank, maturing Nov 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-054482
- JSON: https://secwatch.observer/filing/0001628280-25-054482.json
- Plain text: https://secwatch.observer/filing/0001628280-25-054482.txt

## Key facts
- Debt Financings
  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
  source text: The Credit Agreement provides for a senior secured revolving credit facility in the aggregate principal amount of $35 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/2002473/000162828025054482/0001628280-25-054482-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.