White Mountains Insurance Group Secures $250 Million Revolving Credit Facility with BofA Securities and Barclays
White Mountains Insurance Group Ltd. Secures $250 Million Credit Facility July 16, 2025 - White Mountains Insurance Group Ltd. has entered into a new Credit Agreement, establishing a senior unsecured revolving credit facility of up to $250 million. The agreement was facilitated by BofA Securities, Inc. and Barclays Bank plc, acting as joint lead arrangers and joint bookrunners. The credit facility, which matures on July 16, 2028, is currently undrawn with no immediate plans for utilization. Under the terms of the agreement, White Mountains must maintain a specified minimum Consolidated Net Worth and ensure its consolidated Debt to Cap Ratio does not exceed 32.5%. Interest rates for borrowed amounts will vary based on the company's debt to cap ratio, with margins and facility fees also structured accordingly. This strategic financial move underscores White Mountains' commitment to maintaining financial flexibility and operational stability.
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