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James River Group Secures $212.5M Unsecured Credit Facility through 2028
ByAinvest
Saturday, Jun 14, 2025 7:55 am ET1min read
James River Group Holdings entered into a new credit agreement with KeyBank and other financial institutions, providing a $212.5 million unsecured revolving credit facility for general corporate purposes, maturing in 2028. The company has reduced its need for secured credit following the sale of its reinsurance business. The most recent analyst rating on JRVR stock is a Buy with a $8.00 price target.
James River Group Holdings Ltd. (JRVR), a Bermuda-based insurance holding company, has entered into a significant credit agreement with KeyBank and other financial institutions. The agreement provides a $212.5 million unsecured revolving credit facility for general corporate purposes, maturing in 2028 [1].The credit agreement includes a $30 million accordion feature, which allows the company to adjust the facility size based on its needs. This move comes at a time when James River Group has reduced its reliance on secured credit following the sale of its reinsurance business [1].
James River Group operates through two specialty property-casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. The Excess and Surplus Lines segment offers excess and surplus commercial lines liability and property insurance, while the Specialty Admitted Insurance segment focuses on niche classes within the standard insurance markets [2].
The company has recently undergone restructuring, exiting troubled segments and selling its offshore reinsurer to Fleming, JRG Re. This restructuring has positioned James River Group as a more de-risked and undervalued entity in the specialty insurance sector [3].
The most recent analyst rating on JRVR stock is a Buy with a $8.00 price target, reflecting the market's positive outlook on the company's recent developments [3].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3SG0H7:0-james-river-group-holdings-ltd-enters-credit-agreement-with-keybank/
[2] https://www.marketscreener.com/quote/stock/JAMES-RIVER-GROUP-HOLDING-19157142/
[3] https://seekingalpha.com/article/4794070-james-river-group-misunderstood-de-risked-and-undervalued?source=affiliate_program:stockanalysis.com&utm_medium=affiliate&utm_source=stockanalysis.com&affid=858&oid=16&transaction=aef9b6a9586b429b836476d9136b447f
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