Allied World Assurance terminates unsecured revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, July 12 – Allied World Assurance Co. Holdings, AG Allied World Assurance Co. Holdings, Ltd. and Allied World Assurance Co., Ltd. terminated their unsecured revolving credit facility agreement dated June 13, 2016, effective Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

Wells Fargo Bank, NA was the administrative agent and Citibank, NA the syndication agent.

There were no loans outstanding under the credit agreement on the termination date.

The insurance and reinsurance company is based in Zug, Switzerland. On July 6, substantially all of its shares were acquired by Fairfax Financial Holdings (Switzerland) GmbH, an indirect subsidiary of Fairfax Financial Holdings Ltd.

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