secwatch.observer — SEC 8-K summary
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Issuer:     Bowhead Specialty Holdings Inc. (BOW)
CIK:        0002002473
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0001628280-25-054482
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2002473/000162828025054482/0001628280-25-054482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2002473/000162828025054482/bow-20251126.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-054482

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