Company: AHL
Filing Date: 2025-06-09
Form Type: 424B5
Source: 0001628280-25-030114
Chunk: 16

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-06-09
Form: 424B5
Chunk 16
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 Aspen Holdings’ obligations, and will not be guaranteed by any of our subsidiaries. Our subsidiaries are separate and distinct legal entities and have no obligation, contingent or otherwise, to pay holders any amounts due on the notes or to make any funds available for payment on the notes, whether by dividends, loans or other payments. In addition, the ability of our insurance and reinsurance subsidiaries to make distributions to us is limited by applicable insurance laws and regulations. These laws and regulations and the determinations by the regulators implementing them may significantly restrict such distributions, and, as a result, adversely affect our overall liquidity. The ability of all of our subsidiaries to make distributions to us may also be restricted by, among other things, other applicable laws and regulations and the terms of our and our subsidiaries’ indebtedness.

Covenants contained in our revolving credit facility, Term Loan Credit Agreement and other credit facilities restrict our current and future operations and could trigger prepayment obligations.

Our revolving credit facility, Term Loan Credit Agreement and other credit facilities contain various business and financial covenants that impose restrictions on us and certain of our subsidiaries with respect to, among other things:

• consummating mergers and consolidations, amalgamations and sales of substantially all assets;

• incurring indebtedness and providing guarantees;

• disposing of stock and other assets;

• paying dividends, and repurchasing stock;

• making investments;

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• entering into transactions with affiliates; and

• incurring liens.

Complying with these covenants could limit our financial and operational flexibility. We may also enter into future debt arrangements containing similar or different restrictive covenants. In addition, our failure to comply with these covenants could result in an event of default under our revolving credit facility, Term Loan Credit Agreement and other credit facilities. Such a default may allow the lenders thereunder to accelerate the loans and may result in the acceleration of any other debt which has a cross-acceleration or cross-default provision that applies to our revolving credit facility, Term Loan Credit Agreement and other credit facilities. In addition, an event of default under our revolving credit facility, Term Loan Credit Agreement and other credit facilities would permit the lenders to terminate all commitments to extend further credit under our revolving credit facility, Term Loan Credit Agreement and other credit facilities and demand early repayment. In the event our lenders or other debt holders accelerate the repayment of any borrowings that may be outstanding, we and our subsidiaries may not have sufficient assets or liquidity to repay that indebted