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Sirius International Insurance Group secures $300M credit facility

Sirius International Insurance Group Ltd. has entered into a three-year, $300 million senior unsecured revolving credit facility through its indirectly wholly owned subsidiary, Sirius International Group Ltd.

Through the facility, Sirius International Insurance Group will gain access to loans for working capital and general corporate purposes, and letters of credit to support insurance obligations under reinsurance agreements and retrocessional agreements of its principal operating subsidiaries, including Sirius Bermuda Insurance Co. Ltd., Sirius International Insurance Corp. and Sirius America Insurance Co.

Wells Fargo Securities LLC and JPMorgan Chase Bank NA acted as joint lead arrangers and joint book runners.