SiriusPoint Ltd. has announced a new financial arrangement involving its subsidiary, Sirius International Corporate Member Limited. On June 6, 2025, the subsidiary entered into a $35 million Tier 1 FAL Facility Agreement with Lloyds Bank PLC and other lenders. This facility, maturing on December 31, 2026, includes an option for a 12-month extension subject to certain conditions. The agreement provides collateral in the form of Funds at Lloyds' of London to support the operations of Lloyd's of London Syndicate 1945, an affiliate of the borrower. The facility is accompanied by customary financial covenants and requires the borrower to potentially cash collateralize obligations under specific conditions.
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