Validus Holdings, Ltd. Announces $700 Million Syndicated Credit Agreements

Share Name	Share Symbol	Market	Type
Victory Battery Metals Corp	CSE:VR	CSE	Common Stock

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Victory Battery Metals Corp

CSE:VR

CSE

Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.04	0.04	0.045				0	01:00:00

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Validus Holdings, Ltd. Announces $700 Million Syndicated Credit Agreements

13/03/2007 1:00pm

PR Newswire (US)

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HAMILTON, Bermuda, March 13 /PRNewswire-FirstCall/ -- Validus Holdings, Ltd. ("Validus" or "the Company") announced today that it had entered into credit agreements aggregating $700 million with a syndicate of lenders, consisting of a $500 million Five-Year Secured Letter of Credit Facility and a $200 million Three-Year Unsecured Letter of Credit Facility. The Five-Year Secured Letter of Credit Facility is secured by cash and eligible securities of the Company and its subsidiaries. The Three-Year Unsecured Letter of Credit Facility also allows the Company to borrow up to the full amount of the facility as revolving loans for general corporate purposes. J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. acted as joint lead arrangers and joint bookrunners for the facilities while ING Bank N.V.; Calyon, New York Branch; The Bank of New York; and Wachovia Bank, National Association acted as documentation agents. About Validus Holdings, Ltd. Validus Holdings, Ltd. is a specialized Bermuda-based provider of reinsurance, conducting its operations worldwide through its wholly-owned subsidiary Validus Reinsurance, Ltd. Website: http://www.validusre.bm/ DATASOURCE: Validus Holdings, Ltd. CONTACT: Further information: David Haggie/Juliet Tilley, Haggie Financial, Tel: +44-(0)20-7417-8989

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VR Victory Battery Metals Corp