W. R. Berkley extends revolving credit to 2031

W. R. Berkley Corporation has amended its main bank credit agreement.

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Form Type

8-K

Rhea-AI Filing Summary

W. R. Berkley Corporation has amended its main bank credit agreement. On June 9, 2026, the company signed a First Amendment that extends the maturity of its revolving credit facility from April 1, 2027 to June 9, 2031, under the existing Credit Agreement terms.

The facility continues to involve multiple lenders with Bank of America, N.A. as Administrative Agent, alongside M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc. as Syndication Agents. This change lengthens the company’s committed bank liquidity horizon by more than four years.

Insights

W. R. Berkley extended its core revolving credit facility to 2031, reinforcing long-term liquidity.

The company entered a First Amendment to its 2022 Credit Agreement on June 9, 2026. The key change is pushing the revolving credit facility maturity from April 1, 2027 to June 9, 2031, keeping the existing lender group and Bank of America, N.A. as Administrative Agent.

Extending a revolver maturity is typically a balance sheet management step to secure committed bank funding over a longer period. The excerpt does not specify the facility size or pricing, so the direct cost impact cannot be assessed here, but the longer term may support planning for insurance operations and investments.

The amendment is characterized as a material definitive agreement and also triggers disclosure as a direct financial obligation. Future periodic reports may provide more detail on any revised covenants, fees or borrowing capacity, which matter for understanding financial flexibility through and beyond 2031.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

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.

Key Figures

Old facility maturity: April 1, 2027 New facility maturity: June 9, 2031 Amendment date: June 9, 2026

3 metrics

Old facility maturity April 1, 2027 Original revolving credit facility maturity under 2022 Credit Agreement

New facility maturity June 9, 2031 Extended revolving credit facility maturity after First Amendment

Amendment date June 9, 2026 Date First Amendment to Credit Agreement was signed

Key Terms

Material Definitive Agreement, revolving credit facility, Administrative Agent, Syndication Agents, +1 more

5 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

revolving credit facility financial

"extends the maturity date of the revolving credit facility under the Credit Agreement"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

Administrative Agent financial

"Bank of America, N.A., as Administrative Agent, Several L/C Agent and Fronting L/C Issuer."

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

Syndication Agents financial

"each of M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as Syndication Agents"

Syndication agents organize and coordinate a group of banks or investors to provide and sell a large loan or securities offering. They act like a lead coordinator who lines up participants, negotiates key terms, manages paperwork, and oversees how the deal is split so a large financing can close smoothly. For investors, the agent’s reputation and choices influence pricing, who carries risk, and how quickly and reliably a financing is completed.

direct financial obligation regulatory

"Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did W. R. Berkley (WRB) change in its credit agreement?

W. R. Berkley signed a First Amendment to its main Credit Agreement. The amendment primarily extends the maturity of its revolving credit facility, giving the company committed bank financing through June 9, 2031 instead of April 1, 2027.

When does W. R. Berkley’s revolving credit facility now mature?

The revolving credit facility now matures on June 9, 2031. Previously, the facility under the Credit Agreement had an April 1, 2027 maturity, so the First Amendment adds more than four additional years of committed bank liquidity.

Which banks are involved in W. R. Berkley’s amended credit agreement?

The Credit Agreement involves multiple lenders, with Bank of America, N.A. as Administrative Agent. M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc. act as Syndication Agents, alongside other lenders party to the agreement.

Why did W. R. Berkley file an 8-K for this credit amendment?

The amendment is considered a material definitive agreement and a direct financial obligation. These categories require prompt disclosure on Form 8-K, so W. R. Berkley reported the First Amendment and its extended maturity under Items 1.01 and 2.03.

Does the W. R. Berkley 8-K describe new borrowing amounts or rates?

The excerpt focuses on extending the revolving credit facility maturity from April 1, 2027 to June 9, 2031. It does not describe the facility size, interest rates, or fee changes, only that the amendment modifies the existing Credit Agreement terms.

What exhibit is attached to W. R. Berkley’s credit amendment 8-K?

The filing includes Exhibit 10.1, which is the First Amendment to the Credit Agreement dated as of June 9, 2026. It is between W. R. Berkley Corporation, Bank of America, N.A. as Administrative Agent, and the lenders party to the agreement.

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

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Accepted by SEC EDGAR 06/11/2026 - 04:17 PM

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

Date of Report (Date of earliest event reported): June 9, 2026


Commission File Number			1-15202

W. R. BERKLEY CORPORATION
(Exact name of registrant as specified in its charter)

Delaware

22-1867895

(State or other jurisdiction of
incorporation or organization)

(I.R.S. Employer Identification No.)

475 Steamboat Road

Greenwich

Connecticut

06830

(Address of principal executive offices)

(Zip Code)


(203)			629-3000

(Registrant’s telephone number, including area code)


			None
Former name, former address and former fiscal year, 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))

Title of Each Class

Trading Symbol

Name of Each Exchange
on Which Registered

Common Stock, par value $.20 per share

WRB

New York Stock Exchange

5.700% Subordinated Debentures due 2058

WRB-PE

New York Stock Exchange

5.100% Subordinated Debentures due 2059

WRB-PF

New York Stock Exchange

4.250% Subordinated Debentures due 2060

WRB-PG

New York Stock Exchange

4.125% Subordinated Debentures due 2061

WRB-PH

New York Stock Exchange

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. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On June 9, 2026, W. R. Berkley Corporation (the “Company”) entered into the First Amendment (the “Amendment”) to that certain Credit Agreement, dated April 1, 2022 (as amended, the “Credit Agreement”), by and among the Company, as borrower, each lender from time to time party to the Credit Agreement, each of M&T Bank, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as Syndication Agents, and Bank of America, N.A., as Administrative Agent, Several L/C Agent and Fronting L/C Issuer. Capitalized terms used but not defined herein have the meanings ascribed to them in the Credit Agreement.

The Amendment, among other things, extends the maturity date of the revolving credit facility under the Credit Agreement from April 1, 2027 to June 9, 2031, subject to the terms and conditions of the Credit Agreement. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and 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 report is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 10.1 First Amendment to Credit Agreement, dated as of June 9, 2026, by and among the Company, Bank of America, N.A., as Administrative Agent, and the lenders party thereto.*

Exhibit 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

* Schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplementally copies of any of the omitted schedules upon request by the SEC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

W. R. BERKLEY CORPORATION


By:	/s/ Richard M. Baio
	Name:	Richard M. Baio
	Title:	Executive Vice President-
		Chief Financial Officer

Date: June 11, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 EX-10.1 1.4 MB

W. R. Berkley extends revolving credit to 2031

Rhea-AI Filing Summary