Company: AHL
Filing Date: 2025-06-09
Form Type: 424B5
Source: 0001628280-25-030114
Chunk: 19

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-06-09
Form: 424B5
Chunk 19
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 from this offering to us, after deducting the underwriting discount but before expenses, will be $ . We intend to use the net proceeds from this offering, together with cash on hand, to repay the indebtedness outstanding under the Term Loan Credit Agreement.

On July 26, 2023, we entered into a $300.0 million term loan facility pursuant to a term loan credit agreement among the Company, the several lenders from time to time party thereto, HSBC Bank Bermuda Limited, as structuring agent, Lloyds Bank Plc, as syndication agent, and Citibank, N.A., as administrative agent (the “Term Loan Credit Agreement”).

As of May 31, 2025, we had $300.0 million of indebtedness outstanding under the Term Loan Credit Agreement (the “2026 Term Loan”). Borrowings under the Term Loan Credit Agreement bear interest based on Term SOFR plus an applicable margin (ranging from 1.13% to 1.75% based on our credit ratings and 1.375% as of May 31, 2025) and a SOFR adjustment of 0.10% pursuant to the Term Loan Credit Agreement (where “SOFR” refers to the secured overnight financing rate). The maturity date of the indebtedness outstanding under the Term Loan Credit Agreement is November 9, 2026.

Affiliates of certain of the underwriters are lenders under the Term Loan Credit Agreement. As described above, because we intend to use the net proceeds from this offering, together with cash on hand, to repay the indebtedness outstanding under the Term Loan Credit Agreement, those affiliates will receive their proportionate share of the amount of such indebtedness that is repaid with the proceeds from this offering. Because at least 5% of the net proceeds from this offering will be used to repay the indebtedness outstanding under the Term Loan Credit Agreement owed to one or more individual underwriters and their affiliates, such underwriter has a “Conflict of Interest” within the meaning of FINRA Rule 5121, and this offering will be conducted in accordance with such rule. See “ Underwriting (Conflicts of Interest)—Conflicts of Interest .”

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### CAPITALIZATION AND INDEBTEDNESS
The following table sets forth our cash and cash equivalents and consolidated capitalization as of March 31, 2025 on an actual basis and as adjusted to reflect this offering and the use of proceeds therefrom