Fidelity & Guaranty extends revolving credit facility by one year

By Marisa Wong

Morgantown, W.Va., July 21 – Fidelity & Guaranty Life Holdings, Inc., a wholly owned subsidiary of Fidelity & Guaranty Life, amended its credit agreement dated Aug. 26, 2014 with Royal Bank of Canada as administrative agent to extend the credit facility by an additional year, according to an 8-K filed Friday with the Securities and Exchange Commission.

The original credit agreement provided for a three-year $150 million unsecured revolver. The amendment, completed on July 17, extends the credit facility commitment and maturity date to Aug. 26, 2018.

In addition, the amendment modifies some definitions and covenants.

Fidelity & Guaranty Life is a Des Moines insurance holding company offering fixed annuity and life insurance products.

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