HALLMARK FINANCIAL SERVICES, INC. (NASDAQ:HALL) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On June 19, 2018, Hallmark Financial Services, Inc. (“Hallmark” and, collectively with its subsidiaries, the “Company”) entered into a Fourth Amendment to Second Restated Credit Agreement with Frost Bank (“Frost”). The Fourth Amendment to Second Restated Credit Agreement extended the Revolving Loan Maturity Date (as defined in the Second Restated Credit Agreement) and the Revolving Facility L/C Commitment Expiration Date (as defined in the Second Restated Credit Agreement) by two years from June 30, 2018 to June 30, 2020.
The foregoing description of the Fourth Amendment to Second Restated Credit Agreement is qualified in its entirety by reference to the definitive agreement filed as an exhibit to this Current Report on Form 8-K and incorporated herein by this reference.
| Item 9.01 | Financial Statements and Exhibits |
HALLMARK FINANCIAL SERVICES INC ExhibitEX-10.1 2 tv496806_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 Fourth Amendment to Second Restated Credit Agreement This FOURTH AMENDMENT TO SECOND RESTATED CREDIT AGREEMENT (this “Fourth Amendment”),…To view the full exhibit click here
About HALLMARK FINANCIAL SERVICES, INC. (NASDAQ:HALL)
Hallmark Financial Services, Inc. is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services. Its segments include Standard Commercial Segment, Specialty Commercial Segment and Personal Segment. The Company’s Standard Commercial P&C operating unit primarily underwrites low-severity, short-tailed commercial property/casualty insurance products in the standard market. The Company reinsures a portion of the risk it underwrites in order to control the exposure to losses and to protect capital resources. Its Workers Compensation operating unit specializes in small and middle market workers compensation business. Its Specialty Commercial operating unit offers general aviation and satellite launch insurance products and services.
