Enstar Group Limited (NASDAQ:ESGR) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Enstar Group Limited (NASDAQ:ESGR) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On March 20, 2017, Enstar Group Limited (the “Company”) exercised the accordion feature available under its amended and restated $665 million Revolving Credit Facility (the “Facility”). This increased the total commitments under the Facility by $166.25 million, bringing the total amount available under the Facility to an aggregate principal amount of $831.25 million. The additional commitments were obtained from two new lenders. All other terms of the Facility remain unchanged. Following this increase, as of March 20, 2017, the Company had $585.82 million of available unutilized capacity under the Facility.

About Enstar Group Limited (NASDAQ:ESGR)

Enstar Group Limited is an insurance group that offers capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. The Company’s segments include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities. The Non-life Run-off segment comprises the operations of its subsidiaries that are running off their property and casualty and other non-life lines of business. The Atrium segment underwrites specialist marine, energy, aerospace, non-marine and liability classes. The StarStone segment offers a range of property, casualty and specialty insurance products. The Life and Annuities Segment consists of the operations managing the Company’s closed-block of life and annuity business, and its life settlements business.

Enstar Group Limited (NASDAQ:ESGR) Recent Trading Information

Enstar Group Limited (NASDAQ:ESGR) closed its last trading session up +0.55 at 187.65 with 27,818 shares trading hands.

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