UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): September 22, 2011
HCC INSURANCE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware |
| 001-13790 |
| 76-0336636 |
(State or other jurisdiction of |
| (Commission File Number) |
| (I.R.S. Employer |
incorporation) |
|
|
| Identification No.) |
13403 Northwest Freeway
Houston, Texas 77040
(Address of principal executive offices, including zip code)
(713) 690-7300
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
On September 22, 2011, HCC Insurance Holdings, Inc. (the “Company”) entered into an amendment (the “Amendment”) to its Loan Agreement (the “Credit Agreement”) among the Company, Wells Fargo Bank, National Association, as Administrative Agent, Barclays Bank PLC and Bank of America, N.A., as Co-Syndication Agents, JPMorgan Chase Bank, N.A. and The Royal Bank of Scotland PLC, as Co-Documentation Agents, and the other lenders party thereto. The Amendment increases the amount of the Company’s common stock that it may redeem, retire or otherwise acquire, directly or indirectly, in the aggregate and on a cumulative basis, pursuant to the terms of the Credit Agreement from $500,000,000 to $750,000,000. The description of the Amendment is qualified in its entirety by reference to such agreement. A copy of the Amendment is attached to this Current Report as Exhibit 10.1 and is incorporated herein in its entirety by reference thereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
No. |
| Exhibit |
10.1 |
| First Amendment to Loan Agreement, dated September 22, 2011, among HCC Insurance Holdings, Inc., Wells Fargo Bank, National Association, as Administrative Agent, Barclays Bank PLC and Bank of America, N.A., as Co-Syndication Agents, JPMorgan Chase Bank, N.A. and The Royal Bank of Scotland PLC, as Co-Documentation Agents, and the other lenders party thereto. |
SIGNATURE
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 hereunto duly authorized.
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| HCC Insurance Holdings, Inc. |
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| By: | /s/ Alexander M Ludlow |
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| Alexander M Ludlow |
|
| Associate General Counsel and Assistant Secretary |
DATED: September 28, 2011