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Quotes & Info
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| SAFT > SEC Filings for SAFT > Form 8-K on 20-Aug-2008 | All Recent SEC Filings |
20-Aug-2008
Entry into a Material Definitive Agreement, Financial Statements and E
On August 14, 2008, Safety Insurance Group, Inc. (the "Registrant") entered
into an Amended and Restated Revolving Credit Agreement (the "New Credit
Agreement") with RBS Citizens, N.A ("RBS Citizens"), as administrative agent
for itself and other lending institutions. The New Credit Agreement amended and
restated the terms of the Registrant's existing Revolving Credit Agreement with
RBS Citizens prior to its expiration date of August 17, 2008. Among other
things, the New Credit Agreement extends the maturity date to August 14, 2013
and provides a $30 million revolving loan facility with an accordion feature
allowing for future expansion of the committed amount up to $50 million. Loans
under the credit facility bear interest at the Registrant's option at either
(i) the LIBOR rate plus 1.25% per annum or (ii) the higher of RBS Citizens prime
rate or 0.5% above the federal funds rate plus 1.25% per annum. The Registrant
has no amount outstanding under this credit facility currently.
(c) Exhibits. The following exhibit is furnished herewith:
Exhibit Number Description
10.1 Amended and Restated Revolving Credit Agreement dated August 14,
2008 among Safety Insurance Group, Inc. and RBS Citizens, N.A.
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