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.
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
