Enstar Group Limited Secures $170M Credit Facility for Wholly Owned Subsidiary

Enstar Group Limited, a multifaceted insurance group offering innovative capital release solutions and specialty underwriting capabilities through a network of group companies spanning the globe, entered its wholly owned subsidiary, Kenmare Holdings Ltd., into an up to five-year, senior unsecured letter of credit facility agreement with initial commitments in an aggregate amount of $170 million and with an option to increase the commitments by up to an aggregate amount of $60 million. Our firm represented Enstar Group in the transaction.