| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for RenaissanceRe Holdings Ltd. > News item |
RenaissanceRe lifts letter-of-credit agreement to $275 million
By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – RenaissanceRe Holdings Ltd. amended its letter-of-credit reimbursement agreement on Wednesday to increase the letter of credit to $275 million from $225 million, according to an 8-K filing with the Securities and Exchange Commission.
Additionally, the term of the facility was extended until the date that is four years from the date of the notice from ING Bank NV, London Branch as agent to the beneficiary of the letters of credit, which is required to be done by Dec. 31, unless that date is extended by all lenders.
RenaissanceRe is a Pembroke, Bermuda-based property catastrophe reinsurer.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.