Axis Capital cuts Citi letter of credit facility to USD 250 million and extends tenor to March 31, 2028

Reuters03-25
Axis Capital cuts Citi letter of credit facility to USD 250 million and extends tenor to March 31, 2028
  • Axis subsidiaries amended an uncommitted secured letter of credit facility with Citibank Europe.
  • The amendment reduced aggregate secured capacity to 250.0 million.
  • Tenors of issuable letters of credit were extended to March 31, 2028.
  • The facility was originally dated March 26, 2024.


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