JAMES RIVER GROUP HOLDINGS, LTD. (NASDAQ:JRVR) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01.

On December 7, 2016, James River Group Holdings, Ltd. (the
Company) and JRG Reinsurance Company, Ltd. (JRG Re), a
wholly-owned subsidiary of the Company, entered into an Amended
and Restated Credit Agreement (the Amended and Restated
Agreement) with KeyBank National Association (KeyBank), as
Administrative Agent and Letter of Credit Issuer, KeyBank,
SunTrust Robinson Humphrey, Inc. (SunTrust) as Joint Book
Runners, KeyBank, SunTrust and BMO Capital Markets Corp., as
Joint Lead Arrangers, Bank of Montreal and SunTrust Bank as
Co-Syndication Agents, and the lender parties thereto. The
Amended and Restated Agreement amended and restated that certain
Credit Agreement, dated as of June 5, 2013, as amended (the
Original Credit Agreement), governing the Companys senior
revolving credit facility.

The Companys senior revolving credit facility includes a $102.5
million secured revolving facility that is available to issue
letters of credit and is secured by the Companys investment
securities. The senior revolving credit facility also includes a
$112.5 million unsecured revolving facility that is available for
general corporate purposes.

The Amended and Restated Agreement extends the maturity date of
the Companys senior revolving credit facility from September 24,
2019 to December 7, 2021. It also reduces the interest rate
applicable to borrowings under the unsecured revolving facility
such that the current LIBOR margin decreased from LIBOR 2.00% to
LIBOR 1.625%, and additionally, eliminates certain financial
covenants pertaining to capital ratio, minimum capital
requirements and fixed charge coverage ratio and makes certain
other negative covenants less restrictive.

Other than as described in the above paragraph, the Amended and
Restated Agreement substantially restates the Original Credit
Agreement, including representations and warranties, financial
and other covenants and events of default.

A copy of the Amended and Restated Agreement is filed as Exhibit
10.1 to this Current Report on Form 8-K and is incorporated
herein by reference. The foregoing description of the Amended and
Restated Agreement in this report is qualified in its entirety by
the terms of the Amended and Restated Agreement.

About JAMES RIVER GROUP HOLDINGS, LTD. (NASDAQ:JRVR)

James River Group Holdings, Ltd. is an insurance holding company. The Company owns and operates a group of specialty insurance and reinsurance companies. The Company operates through four segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers excess and surplus commercial lines liability and property insurance. The Specialty Admitted Insurance segment focuses on a range of markets within the standard insurance markets, such as workers’ compensation coverage for residential contractors, light manufacturing operations, transportation workers and healthcare workers. The Casualty Reinsurance segment provides proportional and working layer casualty reinsurance to third parties and to the United-based insurance subsidiaries. The Corporate and Other segment consists of the management and treasury activities of its holding companies and interest expense associated with its debt.

JAMES RIVER GROUP HOLDINGS, LTD. (NASDAQ:JRVR) Recent Trading Information

JAMES RIVER GROUP HOLDINGS, LTD. (NASDAQ:JRVR) closed its last trading session up +0.17 at 40.19 with 150,990 shares trading hands.