REINSURANCE GROUP OF AMERICA, INCORPORATED (NYSE:RGA) Files An 8-K Entry into a Material Definitive Agreement

On June 14, 2019, Reinsurance Group of America, Incorporated (the “Company”) entered into the First Amendment to Letter of Credit Reimbursement Agreement (the “First Amendment”) with Crédit Agricole Corporate and Investment Bank, as lender (the “Lender”). The First Amendment amends that certain Letter of Credit Reimbursement Agreement (the “Credit Agreement”) entered into between the Company and the Lender on May 17, 2017. A description of the material terms and conditions of the Credit Agreement is contained in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on May 19, 2017.

The changes effectuated by the First Amendment are mostly intended to conform certain provisions in the Credit Agreement to provisions in the Company’s $850 million credit agreement, entered into on August 21, 2018, among the Company and a group of lenders named therein (the “Syndicated Credit Facility”). A description of the material terms and conditions of the Syndicated Credit Facility is contained in the Company’s Current Report on Form 8-K filed with the SEC on August 22, 2018.

The First Amendment’s changes to the Credit Agreement include, among other things, revising definitions and increasing certain thresholds contained in the Credit Agreement, such as the cap on Permitted Liens (as defined in the First Amendment), the cross-acceleration threshold, the consolidated net worth threshold and certain Events of Default (as defined in the First Amendment). The First Amendment also modifies the Company’s representations and warranties regarding the Employee Retirement Income Security Act of 1974 and expands the scope of certain exceptions to the line of business and acquisitions negative covenants.

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the First Amendment, a copy of which is filed as Exhibit 10.1 to this report and is incorporated herein by reference.

The information set forth under Item 1.01 above is hereby incorporated by reference into this Item 2.03.

REINSURANCE GROUP OF AMERICA INC Exhibit
EX-10.1 2 exhibit101.htm EXHIBIT 10.1 Exhibit FIRST AMENDMENT TO LETTER OF CREDIT REIMBURSEMENT AGREEMENTTHIS FIRST AMENDMENT TO LETTER OF CREDIT REIMBURSEMENT AGREEMENT (this “Amendment”) is dated as of June 14,…
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About REINSURANCE GROUP OF AMERICA, INCORPORATED (NYSE:RGA)

Reinsurance Group of America, Incorporated (RGA) is an insurance holding company. The Company provides traditional and non-traditional life and health reinsurance. The Company has geographic-based or function-based segments, including U.S. and Latin America; Canada; Europe, Middle East and Africa; Asia Pacific, and Corporate and Other. Its geographic-based operations are further segmented into traditional and non-traditional businesses. Its subsidiaries include Reinsurance Company of Missouri, Incorporated, RGA Americas Reinsurance Company, Ltd., RGA Reinsurance Company (Barbados) Ltd. and RGA Reinsurance Company of Australia Limited. Traditional reinsurance includes individual and group life and health, disability, and critical illness reinsurance. Non-traditional reinsurance includes longevity reinsurance and asset-intensive reinsurance. Its operations offer traditional life and health reinsurance, reinsurance of asset-intensive products, and financial reinsurance.