This content is from: Innovation

HCC Insurance Secures $600M Loan

HCC Insurance Holdings has signed a revolving credit facility worth $600 million.

HCC Insurance Holdings has signed a revolving credit facility worth $600 million. The new loan will replace the specialty insurance group’s $575 million revolving loan facility, which was due to expire in December 2011.

The lead arranger and administrative agent of the four-year term loan was Wells Fargo. Co-syndication agents of the offering were Bank of America and Barclays Bank, while JPMorgan Chase and Royal Bank of Scotland acted as its co-documentation agents.

Click here for the release from HCC Insurance.

Related Content