Company: AXS-PE
Filing Date: 2025-03-26
Form Type: 8-K
Source: 0001214816-25-000077
Chunk: 0

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-03-26
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01      Entry into a Definitive Material Agreement  

Pursuant to an Amendment Agreement, dated March 23, 2025, AXIS Specialty Limited, AXIS Re SE, AXIS Specialty Europe SE, AXIS Insurance Company, AXIS Surplus Insurance Company and AXIS Reinsurance Company (the “ Companies”), each a subsidiary of AXIS Capital Holdings Limited, a Bermuda company, amended their existing $300 million secured letter of credit facility with Citibank Europe plc to extend the tenors of issuable letters of credit to March 31, 2027 (the “ Amendment”). The Companies remain party to the uncommitted secured letter of credit facility with Citibank Europe plc, dated March 26, 2024, the terms of which remain unchanged by the Amendment.

The description of the Amendment contained herein is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

  Item 2.03      Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant