Flagstone Reinsurance Holdings DEFA14A 2009
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 11, 2009
Flagstone Reinsurance Holdings Limited
(Exact name of registrant as specified in its charter)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 1.01. Entry into a Material Definitive Agreement
On March 5, 2009, Flagstone Réassurance Suisse SA (“Flagstone Suisse”), a wholly-owned subsidiary of Flagstone Reinsurance Holdings Limited (the “Company”), entered into a secured $200 million secured multicurrency letter of credit facility with Barclays Bank PLC (the “Facility”). The Facility comprises a $200 million secured facility for letters of credit with a maximum tenor of up to 15 months subject to automatic extension for successive periods, but in no event longer than one year. The Facility will be used to support the reinsurance obligations of the Company and its subsidiaries.
The foregoing description of the Facility does not purport to be complete and is qualified in its entirety by reference to the full text of the Facility, the Security Agreement, the Deed of Charge Over Securities, the Deed of Charge Over Credit Balances, the Securities Account Control Agreement and the Side Letter Agreement are filed as Exhibits 99.1, 99.2, 99.3, 99.4, 99.5 and 99.6, respectively, to this Current Report on Form 8−K.
Item 9.01. Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.