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TWGP > SEC Filings for TWGP > Form 8-K on 24-Oct-2013All Recent SEC Filings

Show all filings for TOWER GROUP INTERNATIONAL, LTD. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for TOWER GROUP INTERNATIONAL, LTD.


24-Oct-2013

Entry into a Material Definitive Agreement, Financial Statements


Item 1.01. Entry Into A Material Definitive Agreement

On October 22, 2013, four wholly-owned subsidiaries of Tower Group International, Ltd. (the "Company"), including Tower Insurance Company of New York, CastlePoint Insurance Company, CastlePoint National Insurance Company and Hermitage Insurance Company (each a "Borrower"), entered into an Amendment Agreement (the "Amendment") with Barclays Bank PLC ("Barclays") and Bank of Montreal, London Branch, as issuing banks (the "Issuing Banks"), and Barclays as agent and security agent, to the Letter of Credit Facility Agreement, dated as of November 11, 2011, as amended on March 12, 2012, as amended on July 16, 2012, as amended on November 21, 2012, as amended and restated on March 7, 2013, and as amended on May 2, 2013 (as so amended, the "Credit Agreement"). Pursuant to the Amendment, the parties thereto also agreed, among other matters, to amend the definition of eligible collateral.

Each Borrower and the Issuing Banks also entered into a waiver letter, dated as of October 18, 2013 (the "Waiver Letter"), relating to the Credit Agreement. Pursuant to the Waiver Letter, the Issuing Banks have agreed to waive the Borrowers' non-compliance with certain covenants contained in the Credit Agreement regarding the Borrowers' delivery to the Issuing Banks of certain financial statements and related compliance certificates. The foregoing summary of the Amendment, the Waiver Letter and the documents relating thereto is not complete and is qualified in its entirety by the copies filed as exhibits to this Form 8-K, which exhibits are incorporated by reference to this Item 1.01.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits

10.1    Letter of Credit Facility Agreement, dated as of November 11, 2011, by and
        among Tower Insurance Company of New York, CastlePoint Insurance Company,
        CastlePoint National Insurance Company, Hermitage Insurance Company and
        Barclays Bank PLC

10.2    Amendment Agreement to the Letter of Credit Facility Agreement, dated as
        of March 12, 2012, by and among Tower Insurance Company of New York,
        CastlePoint Insurance Company, CastlePoint National Insurance Company,
        Hermitage Insurance Company and Barclays Bank PLC

10.3    Amendment Agreement to the Letter of Credit Facility Agreement, dated as
        of July 16, 2012, by and among Tower Insurance Company of New York,
        CastlePoint Insurance Company, CastlePoint National Insurance Company,
        Hermitage Insurance Company and Barclays Bank PLC

10.4    Amendment Agreement to the Letter of Credit Facility Agreement, dated as
        of November 21, 2012, by and among Tower Insurance Company of New York,
        CastlePoint Insurance Company, CastlePoint National Insurance Company,
        Hermitage Insurance Company and Barclays Bank PLC

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--------------------------------------------------------------------------------
10.5    Amendment and Restatement Agreement to the Letter of Credit Facility
        Agreement, dated as of March 7, 2013, by and among Tower Insurance Company
        of New York, CastlePoint Insurance Company, CastlePoint National Insurance
        Company, Hermitage Insurance Company, Barclays Bank PLC and Bank of
        Montreal

10.6    Amendment Agreement to the Letter of Credit Facility Agreement, dated as
        of May 2, 2013, by and among Tower Insurance Company of New York,
        CastlePoint Insurance Company, CastlePoint National Insurance Company,
        Hermitage Insurance Company, Barclays Bank PLC and Bank of Montreal

10.7    Waiver Letter to Letter of Credit Facility Agreement, dated as of October
        18, 2013, by and among Tower Insurance Company of New York, CastlePoint
        Insurance Company, CastlePoint National Insurance Company, Hermitage
        Insurance Company, Barclays Bank PLC and Bank of Montreal

10.8    Amendment Agreement to Letter of Credit Facility Agreement, dated as of
        October 22, 2013, by and among Tower Insurance Company of New York,
        CastlePoint Insurance Company, CastlePoint National Insurance Company,
        Hermitage Insurance Company, Barclays Bank PLC and Bank of Montreal

- 3 -


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