Employers Holdings amends terms, conditions of Wells Fargo facility

By Marisa Wong

Madison, Wis., Jan. 3 - Employers Holdings, Inc. entered into an amendment on Dec. 31 to its third amended and restated credit agreement with Wells Fargo Bank, NA.

The amendment changed the credit agreement's section on "punctual payments" to better suit the amortizing nature of the revolver and modified the section "financial condition" to reduce the liquidity requirements to 5% of the aggregate commitment amount of the credit line.

The amendment also deletes a section on pledge of assets.

The property and casualty and workers compensation insurance company is based in Reno, Nev.

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