Slide Insurance secures $1.07 billion credit facility led by Huntington National Bank
SLDE•Slide Insurance Holdings entered a $1.07 billion credit agreement led by Huntington National Bank, replacing a $530.4 million facility. Borrowings initially accrue interest at 3%, 25 basis points below the prior agreement.
1. New credit agreement
Slide Insurance Holdings entered a $1.07 billion credit agreement with a syndicate led by Huntington National Bank, replacing its existing $530.4 million agreement. Borrowings initially accrue interest at 3%, a 25-basis-point improvement over the prior agreement. Proceeds may be used for general corporate purposes, including refinancing existing debt and supporting growth initiatives.
