Loan & DebtOct 30, 2026, 04:11 PM
Arch Capital Unit Extends Credit Facility, Boosts Commitment to $200M
AI Summary
Arch Capital Group Ltd. announced that its subsidiary, Arch Reinsurance Ltd., entered into Amendment No. 6 to its Letter of Credit Facility Agreement. This amendment extends the Availability Period to May 31, 2027, and increases the maximum Incremental Commitment from $50 million to $200 million. The total facility amount for letters of credit remains $700 million.
Key Highlights
- Arch Reinsurance Ltd. amended its Letter of Credit Facility Agreement.
- The facility's maximum Incremental Commitment increased from $50 million to $200 million.
- The Availability Period for letters of credit was extended to May 31, 2027.
- The total facility amount remains $700 million for letters of credit.
Price Impact
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