0001193125-15-402505.txt : 20151214 0001193125-15-402505.hdr.sgml : 20151214 20151214160529 ACCESSION NUMBER: 0001193125-15-402505 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20151211 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20151214 DATE AS OF CHANGE: 20151214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE Ltd CENTRAL INDEX KEY: 0000896159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11778 FILM NUMBER: 151286047 BUSINESS ADDRESS: STREET 1: BARENGASSE 32 CITY: ZURICH CH-8001 STATE: V8 ZIP: 00000 BUSINESS PHONE: 441 295 5200 MAIL ADDRESS: STREET 1: ACE BUILDING STREET 2: 17 WOODBOURNE AVENUE CITY: HAMILTON HM08 STATE: D0 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: ACE LTD DATE OF NAME CHANGE: 19930122 8-K 1 d213067d8k.htm FORM 8-K Form 8-K

 

 

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) — December 11, 2015

 

 

ACE Limited

(Exact name of registrant as specified in its charter)

 

 

 

Switzerland   1-11778   98-0091805
(State or other jurisdiction)  

(Commission

File Number)

  

(I.R.S. Employer of Incorporation

Identification No.)

Bärengasse 32

Zurich, Switzerland CH-8001

(Address of principal executive offices)

Registrant’s telephone number, including area code: +41 (0)43 456 76 00

Not applicable

(Former name or former address, if changed since last report)

 

 

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ 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 December 11, 2015, ACE Limited (“ACE”), ACE Bermuda Insurance Ltd. (“ACE Bermuda”), ACE Tempest Life Reinsurance Ltd. (“ACE Tempest Life”), ACE Tempest Reinsurance Ltd. (“ACE Tempest Re”) and ACE INA Holdings Inc. (“ACE INA” and, together with ACE, ACE Bermuda, ACE Tempest Life and ACE Tempest Re, the “Borrowers”) entered into a Commitment Increase Agreement (the “Increase Agreement”) to increase the letter of credit capacity under its syndicated credit agreement (the “Credit Agreement”), originally entered into on November 6, 2012, with a group of lenders and Wells Fargo Bank, National Association, as administrative agent. Pursuant to the Increase Agreement, the amount of the commitments under the Credit Agreement increased from $1,000,000,000 to $1,500,000,000, all of which may be used for the issuance of letters of credit and up to $300,000,000 of which may be used for revolving loans.

The Increase Agreement did not change any other terms of the Credit Agreement, which is scheduled to mature in November 2017.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

See Item 1.01 above which is incorporated herein by reference.

SIGNATURES

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.

 

ACE LIMITED
By:   

/s/ Paul Medini

  Name:    Paul Medini
  Title:   Chief Accounting Officer

DATE: December 14, 2015