Stewart Information lifts credit line to $350 million, extends to 2026

By Taylor Fox

New York, March 25 – Stewart Information Services Corp. increased and extended the term of its current line of credit, according to a news release.

The amendment increases the maximum amount of the line of credit to $350 million from $200 million, while maintaining the $50 million accordion feature.

The length of the agreement was extended five years to March 2026.

Three new banks were also added to the syndicate.

Stewart also updated financial covenant provisions, including increasing the unsecured indebtedness basket and restricted payment limitations to align with its current financial position and performance.

Stewart Information Services is a Houston-based title insurance company.

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