Amlin Increases Debt Facility
01 November 2002
Amlin is pleased to announce the renewal and extension of its debt facilities to support its underwriting plans for 2003.
State Farm will continue to provide support through its letter of credit facility of $130 million.
In addition Amlin has renewed and extended its bank facilities which also provide letters of credit to support its underwriting activities. These facilities have been increased from £39 million to £60 million, and are available for the next two underwriting years.
The banking facilities were arranged by Lloyds TSB Capital Markets (acting also as Agent) and provided by Barclays Bank plc, Commerzbank AG and Lloyds TSB Bank Plc.
Enquiries:
Richard Hextall 0207 746 1000
Amlin plc
David Haggie 0207 417 8989
Haggie Financial Limited
