Item 1.01 Entry into a Material Definitive Agreement
On August 8, 2014, Hallmark Financial Services, Inc. ("Hallmark") and each of
its subsidiaries (collectively with Hallmark, the "Company") entered into an
Twelfth Amendment to First Restated Credit Agreement (the "Twelfth Amendment")
with Frost Bank ("Frost"). The Twelfth Amendment amends the Company's secured
revolving credit facility with Frost to accommodate Hallmark's issuance of up to
$30 million of senior unsecured debt securities and to conform certain
definitions to Frost's current standard. The foregoing description of the
Twelfth Amendment is qualified in its entirety by reference to the definitive
agreement filed as an exhibit to this Current Report on Form 8-K and
incorporated herein by this reference.
Item 8.01 Other Events
On August 11, 2014
, the Hallmark issued a press release announcing the
commencement of an underwritten public offering of $25 million
Unsecured Notes due 2024. A copy of the press release is filed as Exhibit 99.1
to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
10.1 Twelfth Amendment to First Restated Credit Agreement among Hallmark
Financial Services, Inc. and its subsidiaries and Frost Bank dated
August 8, 2014.
99.1 Press release dated August 11, 2014.