Skyward Specialty Insurance Group Signs Multiple Material Agreements

Skyward Specialty Insurance Group signed multiple financing agreements to support its acquisition of Apollo. The company entered into an unsecured $300 million delayed draw term loan Facility split between Tranche A and Tranche B, alongside a Guaranty Agreement from certain non-insurance subsidiaries. It also executed a First Amendment to its existing revolving Credit Agreement to permit pre-funding of certain loans tied to the transaction. These actions are intended to provide liquidity and flexibility for closing and integration.Agreement 1: Skyward Specialty Insurance Group Signs Term Loan Credit Agreement With Barclays BankAgreement type: Unsecured $300 million delayed draw term loan facilities (Tranche A and B)Counterparty: Barclays Bank, as Administrative Agent, and other lendersSigned / Effective: Dec 30 2025 / sameDuration / Termination: Tranche A to Jan 01 2028; Tranche B to Jul 02 2029Reason: Finance Apollo acquisition and related costsAgreement 2: Skyward Specialty Insurance Group Signs Guaranty Agreement With Barclays BankAgreement type: Guaranty of obligations under term loan Facility by certain subsidiariesCounterparty: Barclays Bank, as Administrative Agent, and other lendersSigned / Effective: Dec 30 2025 / sameDuration / Termination: Coextensive with FacilityReason: Provide credit support for acquisition financingAgreement 3: Skyward Specialty Insurance Group Signs First Amendment to Credit Agreement With Barclays BankAgreement type: First Amendment to revolving Credit AgreementCounterparty: Barclays Bank, as Administrative Agent, and other lendersSigned / Effective: Dec 30 2025 / sameDuration / Termination: Through term of existing facilityReason: Enable pre-funding to support acquisition closeOriginal SEC Filing: Skyward Specialty Insurance Group, Inc. [ SKWD ] - 8-K - Jan. 06, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.