Southfield, Mich.-based alternative-risk carrier Meadowbrook Insurance Group Inc. announced that it has successfully executed a replacement credit facility for up to $25 million.
This revolving line of credit will expire on Nov. 11, 2007, and replaces the company’s previous line of credit and term loan, according to a statement. The company has drawn approximately $9 million on this revolving line of credit to pay off the term loan on the previous credit agreement.
Was this article valuable?
Here are more articles you may enjoy.
Hacking Attempts Surge as Companies, Governments Rush to Patch PHP Flaws 
Social Engineering: The Analog Threat to Digital Defenses 
Binance’s $6.3 Billion Hack: How Crypto Insurance Works 
PG&E Weighs Gas Business Separation Over California Fire Rules 
