Skyward Specialty Insurance Group Inc. has entered into a new unsecured credit agreement with a syndicate of lenders, including Barclays Bank PLC as administrative agent, and Truist Securities, Inc., Citizens Bank, N.A., and Texas Capital Bank as joint lead arrangers and book runners. The facility features an initial $150 million revolving loan, which will increase to $250 million upon the closing of Skyward's acquisition of Apollo Group Holdings Limited. The agreement also includes a letter of credit subfacility-starting at $30 million and rising to $50 million post-acquisition-as well as an uncommitted accordion feature allowing for up to $50 million in additional financing, subject to lender approval. In conjunction with this new facility, Skyward terminated its previous credit agreement dated March 28, 2023, and fully repaid all outstanding amounts under that arrangement. The obligations under the new facility are guaranteed by Skyward and its wholly-owned non-insurance subsidiaries.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyward Specialty Insurance Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001519449-25-000066), on November 18, 2025, and is solely responsible for the information contained therein.
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