KINSALE CAPITAL GROUP, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or Obligation Under an Off-Balance Sheet Registrant Arrangement, Financial Statements and Exhibits (Form 8-K)
Item 1.01. Conclusion of a significant definitive agreement.
• a ticket purchase and private storage agreement (the “Ticket Purchase Agreement”)
PGIM, Inc.("Prudential") and the purchasers of the Notes (as defined below) named in the Purchaser Schedule attached thereto (collectively, the "Note Purchasers"); and
• an amended and restated credit agreement (the “Credit Agreement”) with JPMorgan
Chase Bank, N.A., as administrative agent and as issuing bank, Truist Bank, as syndication agent, and the lenders party thereto (collectively, the "Lenders").
Note the purchase and private shelf agreement
In accordance with the ticket purchase agreement, the
The Note Purchase Agreement contains customary representations and positive and negative covenants, including financial covenants that require the Company to (i) have, on the last day of each fiscal quarter, a consolidated minimum
Pursuant to the credit agreement, the lenders provided the company with a
The Credit Agreement contains customary representations and affirmative and negative clauses, including financial clauses substantially identical to those described in clauses (i), (ii) and (iv) above with respect to the Purchase Agreement tickets. The credit agreement also contains customary events of default (including non-payment of principal or interest and breaches of covenants).
The foregoing descriptions of the Ticket Purchase Agreement and the Credit Agreement do not purport to be complete and are qualified in their entirety by reference to the complete and complete terms contained in the Ticket Purchase Agreement and the Credit Agreement, a copy of each of which is attached as an exhibit and incorporated by reference into this Section 1.01.
Section 2.03. Creation of a Direct Financial Obligation or an Obligation under a
Off-Balance Sheet Arrangement of a Registrant.
The information described in point 1.01 above is incorporated by reference in this point 2.03.
Item 9.01. Financial statements and supporting documents.
(d) Exhibits. Exhibit No. Description 10.1 Note Purchase and Private Shelf Agreement, dated as of
July 22, 2022, among Kinsale Capital Group, Inc., PGIM, Inc.and the purchasers of the Notes named in the Purchaser Schedule attached thereto. 10.2 Amended and Restated Credit Agreement, dated as of July 22, 2022, among Kinsale Capital Group, Inc., as borrower, JPMorgan Chase Bank, N.A., as administrative agent and as issuing bank, Truist Bank, as syndication agent, and the lenders party thereto. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
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