---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-23-000173"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:33:41.091981+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hagerty amends credit agreement to increase financial flexibility; leverage limit set at 3.75x from June 2024

## Summary
- Tenth Amendment adds baskets for investments, debt, and liens subject to pro forma leverage ≤ 3.25x.
- Maximum permitted leverage ratio under financial covenant set to 3.75x for periods on or after June 2024.
- Additional debt capacity via incremental pari-passu debt or asset-backed securitization.
- Amendment effective November 28, 2023, provides increased operational flexibility.

## SEC filing metadata
- accession: 0001840776-23-000173
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077623000173/0001840776-23-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077623000173/hgty-20231128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-23-000173
- JSON: https://secwatch.observer/filing/0001840776-23-000173.json
- Plain text: https://secwatch.observer/filing/0001840776-23-000173.txt

## Key facts
- Material Agreements
  Hagerty, Inc. amended Tenth Amendment to the Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, the Foreign Subsidiary Borrowers party thereto, and the other financial institutions party thereto as Lenders (effective 2023-11-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, the Foreign Subsidiary Borrowers party thereto, and the other financial institutions party thereto as Lenders
  - Effective: 2023-11-28
  source text: The Tenth Amendment amends and restates the existing Credit Agreement to provide for additional flexibility in the operations of the Borrower and its subsidiaries
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840776/000184077623000173/0001840776-23-000173-index.htm

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