Company: KNSL
Filing Date: 2025-12-11
Form Type: 8-K
Source: 0001669162-25-000064
Chunk: 0

Company: Kinsale Capital Group, Inc.
Filing Date: 2025-12-11
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement.

On December 11, 2025, Kinsale Capital Group, Inc. (the “ Company”) entered into:

• the Third Amendment to the Note Purchase and Private Shelf Agreement (the “ NPA Amendment”) with PGIM, Inc. and the other noteholders party thereto; and

• Amendment No. 3 to the Amended and Restated Credit Agreement (the “ Credit Agreement Amendment”) with JPMorgan Chase Bank, N. A., as administrative agent and as a lender, Truist Bank, as a lender, and CIBC Bank USA, as a lender.

Third Amendment to the Note Purchase and Private Shelf Agreement

The NPA Amendment amends the Note Purchase and Private Shelf Agreement, dated as of July 22, 2022 (as previously amended, the “ Original Agreement” and, together with the NPA Amendment, the “ Note Purchase Agreement”).

The Original Agreement provided that the Company may not make Restricted Payments (as defined therein) in an aggregate amount in excess of the greater of $300,000,000, and 6.5% of the Total Assets of the Company and its consolidated subsidiaries as of the end of the most recently completed fiscal quarter. The NPA Amendment amends section 6H of the Original Agreement to permit Restricted Payments so long as at the time of the declaration of such Restricted Payment, no event of default under the Note Purchase Agreement has occurred and is continuing or would arise after giving effect, on a pro forma basis, to such Restricted Payment if such Restricted Payment were to be made at such time of declaration.

Amendment No. 3 to the Amended and Restated Credit Agreement

The Credit Agreement Amendment amends Section 6.08(f) of the Amended and Restated Credit Agreement, dated as of July 22, 2022 (as amended, the “ Credit Agreement”) to permit Restricted Payments (as defined therein) so long as at the time of the declaration of such Restricted Payment, no event of default under the Credit Agreement has occurred and is continuing or would arise after giving effect, on a pro forma basis, to such Restricted Payment if such Restricted Payment were to be made at such time of declaration.

The foregoing descriptions of the NPA Amendment and the Credit Agreement Amendment do not purport to be complete and are qualified in their entirety by reference to the full and complete terms contained in the NPA Amendment and the Credit Agreement Amendment, a copy of each