Slide’s Credit Facility Reaches $530.4 Million as Third-Quarter Results Loom
Key Facts
Slide Insurance increased the limit on its revolving credit facility to $530.4 million under an amendment dated July 27, 2026, according to its quarterly report filed with the U.S. Securities and Exchange Commission. The filing places the facility in the context of the company’s financing, but does not substantiate the figure cited in the circulating headline. Nor does it show that the full limit represents debt drawn by the company; available facility capacity differs from outstanding borrowings. As of June 30, the company had $1,236.9 million in unrestricted cash and $584.2 million in restricted cash. The figures come ahead of the third-quarter results call, which the company scheduled for the following day.
The filing states that the facility is tied to SOFR and matures on June 25, 2029. The agreement also imposes an annual fee of 0.5% on the unused portion, under the facility’s terms. This means assessing the facility requires distinguishing its available capacity from the cost of keeping part of it unused. The July amendment increased the revolving limit to $530.4 million, according to the company’s quarterly report. The filing available here does not state how much had been drawn under the facility as of June 30.
Second-quarter results provide context on the company’s performance ahead of its third-quarter report. Gross written premiums were $508.0 million, compared with $435.4 million in the same period a year earlier, an annual increase of 16.7%, according to the company. Net income also rose 92.4% to $134.9 million, from $70.1 million a year earlier. Diluted earnings per share were $1.06 in the second quarter. These are the latest quarterly results in the available evidence, with new figures expected on the company’s call.
In a report published by Investing.com and attributed to Reuters, analysts forecast earnings per share of $0.47 for the quarter ended in September, compared with $1.06 in the second quarter. The report said earnings-per-share estimates had risen 40.4% over the previous sixty days, despite expectations of a sequential decline. Slide is scheduled to hold its results call on Wednesday, October 28, 2026, at 8:30 a.m. Eastern time, according to its announcement. The company’s report will provide its latest reading on third-quarter performance, following growth in premiums and net income in the previous quarter. The facility limit, its cost and its maturity remain among the financing details disclosed in the quarterly filing.