Safety Insurance expands revolving credit facility to $100 million under Citizens Bank-led amendment

Safety Insurance Group, Inc.

Safety Insurance Group, Inc.

SAFT

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  • Safety Insurance Group entered Amendment No. 7 to its revolving credit agreement with Citizens Bank as administrative agent.
  • The amendment lifts total revolving commitments to USD 100 million from USD 50 million.
  • Maturity was extended to June 9, 2031.
  • No additional amounts had been drawn under the facility as of the filing date.
  • Borrowings remain secured by certain accounts receivable and related assets.


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