Slide Insurance Holdings, Inc. Enters Into New $1.07 Billion Credit Facility
Slide Insurance entered a new $1.07 billion credit agreement with a bank syndicate led by Huntington National Bank, replacing its prior $530.4 million facility. Drawn borrowings initially accrue interest at 3.00%, a 25 basis point improvement over the prior agreement, with proceeds available for general corporate purposes including refinancing existing debt and funding growth.
Key figures
- Deal Value Usd
- 1070000000
- Initial drawn rate
- 3.00%
- Prior facility size
- 530400000
- Rate improvement bps
- 25
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