Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
ITEM 1.01 Entry into a Material Definitive Agreement. On October 28, 2026, Arch Reinsurance Ltd. (“ArchRe”), a wholly-owned subsidiary of Arch Capital Group Ltd. (“Arch”), entered into Amendment No. 6 to Letter of Credit Facility Agreement (“Amendment No.…
Filed Oct 30, 2026Accepted Oct 30, 2026, 4:08 PM EDTCIK 947484Accession 0000947484-26-000138
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Item 1.01Item 1.01 - Entry into Material Agreement
ITEM 1.01
Entry into a Material Definitive Agreement.
On October 28, 2026, Arch Reinsurance Ltd. (“ArchRe”), a wholly-owned subsidiary of Arch Capital Group Ltd. (“Arch”), entered into Amendment No. 6 to Letter of Credit Facility Agreement (“Amendment No. 6”), as the borrower with Lloyds Bank Corporate Markets plc (“Lloyds”), as Administrative Agent and L/C Agent, which amends the Letter of Credit Facility Agreement, dated as of November 3, 2020, as amended by Amendment No. 1 to Letter of Credit Facility Agreement dated as of October 29, 2021, as further amended by Amendment No. 2 and Joinder to Letter of Credit Facility Agreement dated as of October 27, 2022, as further amended by Amendment No. 3 and Joinder to Letter of Credit Facility Agreement dated as of October 25, 2023, as further amended by Amendment No. 4 to Letter of Credit Facility Agreement dated as of October 30, 2024, and as further amended by Amendment No. 5 to Letter of Credit Facility Agreement dated as of October 29, 2025 (the “Existing L/C Agreement”).
The Amendment No. 6 establishes certain changes to the Existing L/C Agreement, including but not limited to, (i) a request for an extension of the Letters of Credit for the 2027 underwriting year of account, (ii) a request for an extension of the last day of the Availability Period (as such term is defined in the Existing L/C Agreement) from May 31, 2026 to May 31, 2027 and (iii) an increase in the maximum Incremental Commitment (as such term is defined in the Existing L/C Agreement) from $50,000,000 to $200,000,000.
The Existing L/C Agreement, as amended by Amendment No. 6 (the “Amended L/C Agreement”), provides for a $700 million facility for letters of credit.
The foregoing is a summary of certain terms of the Amended L/C Agreement, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended L/C Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.