Loan & DebtJun 15, 2026, 10:56 AM
Safety Insurance Group Increases Credit Facility to $100M
AI Summary
Safety Insurance Group, Inc. entered into Amendment No. 7 to its Amended and Restated Revolving Credit Agreement on June 9, 2026. This amendment increases the aggregate committed amount of the revolving credit facility from $50 million to $100 million and extends its maturity date to June 9, 2031. As of the filing date, the company has not drawn any of the additional available amounts.
Key Highlights
- Revolving credit facility increased from $50 million to $100 million.
- Maturity date of the facility extended to June 9, 2031.
- Amendment No. 7 to the credit agreement was signed on June 9, 2026.
- The company paid an upfront fee of $193,750 to the lenders.
- No additional amounts have been drawn from the increased facility as of June 15, 2026.
- Certain subsidiary guarantors were released from their obligations under the Subsidiary Guaranty.
- Obligations under the Credit Agreement remain secured by certain accounts receivable and related assets.
Price Impact
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