On Jan 16, 2026 Global Atlantic (GALD & GAL Fin) and certain insurance subsidiaries signed a $3.00B…
Filed with the SEC on · Summarized by InvestorsBot
On Jan 16, 2026 Global Atlantic (GALD & GAL Fin) and certain insurance subsidiaries signed a $3.00B unsecured revolving facility (option +$500M) with Wells Fargo as administrative agent. Matures Jan 15, 2027; extendable 364-day terms. $KKR 📄💰 #CreditFacility #GlobalAtlantic
Facility funds usable for working capital, corporate purposes and growth. Interest: term SOFR + 1.10%–1.375% or alt rate + 0.10%–0.375%. Unused commitment fee 0.125%–0.225%. Borrowings guaranteed by the Guarantors. $KKR 🔁💵 #CreditFacility #Capital
Key covenants: GALD must maintain debt/total capitalization <=35% and net worth >= 70% of 12/31/23 net worth + 50% of aggregate net income since 12/31/23 (if positive). Standard covenants/defaults could trigger acceleration. $KKR ⚖️📊 #FinancialCovenants #Risk