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Arch Capital unit amends $700M letter-of-credit facility

The agreement provides a $700 million letter-of-credit facility, with the maximum Incremental Commitment increased to $200 million.

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Form Type
8-K

Rhea-AI Filing Summary

Arch Capital Group Ltd.’s wholly owned subsidiary, Arch Reinsurance Ltd., entered into Amendment No. 6 to its letter-of-credit facility agreement with Lloyds Bank Corporate Markets plc, acting as Administrative Agent and L/C Agent. The amended agreement provides for a $700 million facility for letters of credit.

The amendment includes a request to extend letters of credit for the 2027 underwriting year of account, a request to extend the Availability Period from May 31, 2026 to May 31, 2027, and an increase in the maximum Incremental Commitment from $50 million to $200 million.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Letter-of-credit facility $700 million Facility provided for under the amended agreement
Previous maximum Incremental Commitment $50 million Amount before Amendment No. 6
Maximum Incremental Commitment $200 million Amount after Amendment No. 6
Availability Period end date May 31, 2026 Date from which the amendment requests an extension
Requested Availability Period end date May 31, 2027 Requested extension of the last day of the Availability Period
Availability Period financial
"extension of the last day of the Availability Period"
Incremental Commitment financial
"increase in the maximum Incremental Commitment"
underwriting year of account financial
"Letters of Credit for the 2027 underwriting year of account"

FAQ

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How large is ACGL’s amended letter-of-credit facility?

Arch Reinsurance Ltd., ACGL’s wholly owned subsidiary, is the borrower under the amended agreement, which provides for a $700 million facility for letters of credit. The amendment also increases the maximum Incremental Commitment from $50 million to $200 million.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM 8-K
 
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 
October 28, 2026
Date of Report (Date of earliest event reported) 
Arch Capital Group Ltd.
(Exact name of registrant as specified in its charter)
Bermuda001-1620998-0374481
(State or other
jurisdiction of
incorporation or
organization)
(Commission File Number)(I.R.S. Employer
Identification No.)
 
Waterloo House, Ground Floor, 100 Pitts Bay Road, Pembroke HM 08, Bermuda
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code:
(441) 278-9250
 
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each classTrading Symbol (s)Name of each exchange on which registered
Common shares, $0.0011 par value per shareACGLNASDAQStock Market
Depositary shares, each representing a 1/1,000th interest in a 5.45% Series F preferred share
ACGLO
NASDAQStock Market
Depositary shares, each representing a 1/1,000th interest in a 4.55% Series G preferred shareACGLNNASDAQStock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company     ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o



ITEM 1.01          Entry into a Material Definitive Agreement.
On October 28, 2026, Arch Reinsurance Ltd. (“ArchRe”), a wholly-owned subsidiary of Arch Capital Group Ltd. (“Arch”), entered into Amendment No. 6 to Letter of Credit Facility Agreement (“Amendment No. 6”), as the borrower with Lloyds Bank Corporate Markets plc (“Lloyds”), as Administrative Agent and L/C Agent, which amends the Letter of Credit Facility Agreement, dated as of November 3, 2020, as amended by Amendment No. 1 to Letter of Credit Facility Agreement dated as of October 29, 2021, as further amended by Amendment No. 2 and Joinder to Letter of Credit Facility Agreement dated as of October 27, 2022, as further amended by Amendment No. 3 and Joinder to Letter of Credit Facility Agreement dated as of October 25, 2023, as further amended by Amendment No. 4 to Letter of Credit Facility Agreement dated as of October 30, 2024, and as further amended by Amendment No. 5 to Letter of Credit Facility Agreement dated as of October 29, 2025 (the “Existing L/C Agreement”).
The Amendment No. 6 establishes certain changes to the Existing L/C Agreement, including but not limited to, (i) a request for an extension of the Letters of Credit for the 2027 underwriting year of account, (ii) a request for an extension of the last day of the Availability Period (as such term is defined in the Existing L/C Agreement) from May 31, 2026 to May 31, 2027 and (iii) an increase in the maximum Incremental Commitment (as such term is defined in the Existing L/C Agreement) from $50,000,000 to $200,000,000.
The Existing L/C Agreement, as amended by Amendment No. 6 (the “Amended L/C Agreement”), provides for a $700 million facility for letters of credit.
The foregoing is a summary of certain terms of the Amended L/C Agreement, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended L/C Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

ITEM 9.01    Financial Statements and Exhibits.

(d):     The following exhibits are being filed herewith.
EXHIBIT NO.DESCRIPTION
10.1 (1)
Amendment No. 6 to Letter of Credit Facility Agreement dated as of October 28, 2026 by and between Arch Reinsurance Ltd. as the borrower and Lloyds Bank Corporate Markets plc as Administrative Agent and L/C Agent
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
(1) Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. Additionally, certain schedules and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Arch hereby undertakes to provide a copy of the unredacted exhibit and its materiality and privacy or confidentiality analyses, or any omitted schedule or attachment, as applicable, to the Commission or its staff upon request.

2


SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
ARCH CAPITAL GROUP LTD.
Date: October 30, 2026By:/s/ François Morin
Name:François Morin
Title:Executive Vice President, Chief Financial Officer and Treasurer


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