---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-024072"
form_type: "8-K"
ticker: "OSG"
cik: "0000874501"
company_name: "OCTAVE SPECIALTY GROUP INC"
filed_at: "2026-04-07T23:59:59+00:00"
generated_at: "2026-05-15T07:11:39.193463+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Octave Specialty Group adds $40M term loan to fund minority shareholder put rights

## Summary
- Additional term loan of $40M under First Amendment to Credit Agreement.
- Total outstanding term loans now $139.375M as of April 1, 2026.
- Proceeds used to fund Cirrata UK's obligation to honor put rights exercised by minority shareholders of Octave Specialty Limited.
- Company pledged ownership interests in Everspan Holdings, LLC as collateral.

## SEC filing metadata
- accession: 0001628280-26-024072
- form_type: 8-K
- ticker: OSG
- cik: 0000874501
- company_name: OCTAVE SPECIALTY GROUP INC
- filed_at: 2026-04-07T23:59:59+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/874501/000162828026024072/0001628280-26-024072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874501/000162828026024072/ambc-20260401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-024072
- JSON: https://secwatch.observer/filing/0001628280-26-024072.json
- Plain text: https://secwatch.observer/filing/0001628280-26-024072.txt

## Source-grounded claims
- claim_id: df82ebb48fe0df4106be24d67d08ac9bba82357a
  claim: OCTAVE SPECIALTY GROUP INC incurred term loan of $40,000,000 with Truist Bank at the same interest rate as the Existing Term Loan maturing the same maturity date as the Existing Term Loan.
  evidence_excerpt: The First Amendment provides an additional term loan in an aggregate principal amount of $40,000,000 (the “Additional Term Loan”), which constitutes the same class, type, and tranche as the term loan outstanding under the Original Credit Agreement (the “Existing Term Loan”), and the Additional Term Loan has the same maturity date and interest rate as the Existing Term Loan, and is fully fungible with the Existing Term Loan in all respects.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874501/000162828026024072/0001628280-26-024072-index.htm
- claim_id: 73f7f4427ce1a16113af780d5089fd72fb56c56a
  claim: OCTAVE SPECIALTY GROUP INC amended First Amendment to Credit Agreement and Other Loan Documents with Truist Bank, as administrative agent valued at $40,000,000 (effective 2026-04-01).
  evidence_excerpt: entered into the First Amendment to Credit Agreement and Other Loan Documents (the “First Amendment”) with the lenders signatory thereto (the “Lenders”) and Truist Bank, as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/874501/000162828026024072/0001628280-26-024072-index.htm

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