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MKL > SEC Filings for MKL > Form 8-K on 15-Jul-2013All Recent SEC Filings

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Form 8-K for MARKEL CORP


15-Jul-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 Entry into a Material Definitive Agreement.

On July 12, 2013, Markel Corporation (the "Company") entered into (i) a joinder agreement (the "Joinder Agreement") with JPMorgan Chase Bank, N.A. ("JPMorgan") and (ii) a Second Amendment to the Company's Amended and Restated Credit Agreement dated as of September 23, 2011 (as amended, the "Credit Agreement") with SunTrust Bank, as administrative agent, and the lenders listed on the signature pages thereto (the "Second Amendment"). Under the Joinder Agreement, JPMorgan will become a lender under the Credit Agreement. The Second Amendment modifies the Credit Agreement by increasing the aggregate revolving commitments of the lenders from $150 million to $300 million pursuant to Section 2.20 of the Credit Agreement and modifies the representations made under Section 4.4 of the Credit Agreement to take into account terms of credit facilities to which the Company's newly acquired subsidiaries, Alterra Capital Holdings Limited, Alterra Bermuda Limited and Alterra Reinsurance USA Inc., are parties.

Except as described above, all other material terms of the Credit Agreement remain in effect. The foregoing descriptions of the Joinder Agreement and Second Amendment are qualified in their entirety by reference to the Joinder Agreement and Second Amendment, which are attached hereto as Exhibits 10.1 and 10.2 and are incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 Joinder Agreement.

10.2 Form of Second Amendment to Amended and Restated Credit Agreement.


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