ASPEN INSURANCE HOLDINGS LIMITED (NYSE:AHL) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On June 29, 2018, Aspen Insurance Holdings Limited’s wholly-owned subsidiary Aspen Bermuda Limited (“Aspen Bermuda”) and Citibank Europe plc (“Citi Europe”) entered into a Deed of Amendment, effective June 30, 2018 (the “Deed of Amendment”), which amends the committed letter of credit facility, dated July 30, 2012, as amended on June 30, 2014 and June 30, 2016 (the “LOC Facility”). The Deed of Amendment extends the term of the LOC Facility to June 30, 2020 and incorporates new data protection provisions.
All other agreements relating to the LOC Facility, as previously filed with the U.S. Securities and Exchange Commission, remain in full force and effect and are incorporated herein by reference.
The summary above is qualified by the actual terms of the Deed of Amendment which is filed hereto as exhibit 10.1.
Section 2 — Financial Information
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information contained above under “Item 1.01 Entry into a Material Definitive Agreement” is hereby incorporated by reference.
Section 9 — Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) The following exhibit is filed as part of this report:
ASPEN INSURANCE HOLDINGS LTD ExhibitEX-10.1 2 aspencommittedfacilitylett.htm EXHIBIT 10.1 Exhibit Exhibit 10.1DEED OF AMENDMENTDate: 29 June 2018Between:(1) Citibank Europe plc (“Citibank”); and(2) Aspen Bermuda Limited (the “Company”). 1. Background1.1 On 30 July 2012 a Committed Facility Letter for Issuance of Payment Instruments was signed between Citibank and the Company,…To view the full exhibit click here
About ASPEN INSURANCE HOLDINGS LIMITED (NYSE:AHL)
Aspen Insurance Holdings Limited (Aspen Holdings) is a holding company. The Company conducts insurance and reinsurance business through its subsidiaries: Aspen U.K. and AUL, Aspen Bermuda (Bermuda) and Aspen Specialty and AAIC (the United States). It operates in two segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). Its insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re consists of property catastrophe reinsurance, other property reinsurance, casualty reinsurance and specialty reinsurance. Its Aspen Re consists of property catastrophe reinsurance, other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (the United States treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture, marine, aviation, terrorism, engineering).