01—Abstract
Summary
Summary of the 8-K filed June 11, 2026. Cited figures are marked; the original filing is the authoritative source.
W.
R. Berkley Corporation entered into a First Amendment, dated June 9, 2026, to its Credit Agreement originally dated April 1, 2022. The Amendment, among other things, extends the maturity date of the revolving credit facility from April 1, 2027 to June 9, 2031, subject to the terms and conditions of the Credit Agreement.
Bank of America, N.A. serves as Administrative Agent, Several L/C Agent and Fronting L/C Issuer, and M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc. serve as Syndication Agents. The filing is limited to this credit facility amendment and is reported under Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation). The Company is filing the full text of the Amendment as Exhibit 10.1, with certain schedules omitted under Item 601(a)(5) of Regulation S-K, which the Company undertakes to furnish to the SEC upon request.
For investors, the key takeaway is the extension of the revolving credit facility's maturity by more than four years, which pushes the facility's expiration well beyond its prior April 2027 date. The filing does not state the facility size, pricing, or other amended terms beyond the maturity extension.
02—Key points
Key Highlights
- Entered into a First Amendment on June 9, 2026 to the Credit Agreement dated April 1, 2022.
- Revolving credit facility maturity extended from April 1, 2027 to June 9, 2031.
- Bank of America, N.A. acts as Administrative Agent, Several L/C Agent and Fronting L/C Issuer.
- M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc. serve as Syndication Agents.
- Reported under Item 1.01 (Material Definitive Agreement) and Item 2.03 (Direct Financial Obligation).
- Full Amendment filed as Exhibit 10.1; certain schedules omitted under Item 601(a)(5) of Regulation S-K.
03—Questions
Frequently Asked Questions
What is the main change in the credit agreement?
The Amendment extends the maturity date of the revolving credit facility from April 1, 2027 to June 9, 2031, subject to the terms and conditions of the Credit Agreement.
Who are the parties to the Credit Agreement?
W. R. Berkley Corporation is the borrower, and each lender from time to time party to the Credit Agreement is included. Bank of America, N.A. is the Administrative Agent, Several L/C Agent and Fronting L/C Issuer. M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc. are Syndication Agents.
Does this filing take on new debt?
The filing reports the Amendment under Item 2.03, which covers the creation of a direct financial obligation, but it does not state any new borrowing amount. It only describes the extension of the existing revolving credit facility's maturity.
Where can investors find the full terms of the Amendment?
The full text of the First Amendment is filed as Exhibit 10.1 to the Current Report on Form 8-K. Certain schedules have been omitted under Item 601(a)(5) of Regulation S-K, and the Company undertakes to furnish them to the SEC upon request.
04—Continue