The following table summarizes the outstanding letters of credit under the Wells Fargo Bilateral Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Wells Fargo Bank Bilateral LOC Facility - secured tranche | | $ | 175 | | | $ | 113 | | | 12/31/2026 | | $ | 175 | | | $ | 141 | | | 12/31/2026 | | | | | — | | | 8/4/2027 | | | | | | | | Wells Fargo Bank Bilateral LOC Facility - unsecured tranche | | 175 | | | 113 | | | 12/31/2026 | | 175 | | | 140 | | | 12/31/2026 | | | | | — | | | 2/20/2027 | | | | | | | | Total Wells Fargo Bank Bilateral LOC Facility | | $ | 350 | | | $ | 226 | | | | | $ | 350 | | | $ | 280 | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Citibank Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Citibank LOC Facility - Committed | | $ | 230 | | | $ | — | | | 12/16/2026 | | $ | 230 | | | $ | — | | | 1/21/2026 | | | | | 154 | | | 12/31/2026 | | | | 4 | | | 2/28/2026 | | | | | 3 | | | 1/1/2027 | | | | 2 | | | 3/1/2026 | | | | | 1 | | | 1/21/2027 | | | | 1 | | | 3/15/2026 | | | | | — | | | 1/31/2027 | | | | — | | | 12/16/2026 | | | | | 4 | | | 2/28/2027 | | | | 191 | | | 12/31/2026 | | | | | 2 | | | 3/1/2027 | | | | 1 | | | 8/15/2027 | | | | | 1 | | | 3/15/2027 | | | | 3 | | | 9/23/2027 | | | | | 3 | | | 9/23/2027 | | | | | | | | | | | 1 | | | 12/1/2027 | | | | | | | | | | | — | | | 12/16/2027 | | | | | | | | | | | — | | | 12/20/2027 | | | | | | | | | | | 4 | | | 12/31/2027 | | | | | | | | | | | — | | | 8/15/2028 | | | | | | | | Citibank LOC Facility - Uncommitted | | 140 | | | 47 | | | 12/31/2026 | | 140 | | | 1 | | | 12/1/2026 | | | | | 8 | | | 9/30/2030 | | | | — | | | 12/20/2026 | | | | | | | | | | | 42 | | | 12/31/2026 | | | | | | | | | | | 7 | | | 12/30/2029 | | Citibank LOC Facility | | $ | 370 | | | $ | 227 | | | | | $ | 370 | | | $ | 253 | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Bayerische Landesbank Bilateral Secured Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Bayerische Landesbank Bilateral Secured Credit Facility - Committed | | $ | 200 | | | $ | 130 | | | 12/31/2026 | | $ | 200 | | | $ | 123 | | | 12/31/2026 | | | | | | | | | | | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Bayerische Landesbank Bilateral Unsecured Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Bayerische Landesbank Bilateral Unsecured Credit Facility - Committed | | $ | 150 | | | $ | 85 | | | 12/31/2026 | | $ | 150 | | | $ | 150 | | | 12/31/2026 | | | | | 65 | | | 9/8/2027 | | | | | | | | Total Bayerische Landesbank Bilateral Unsecured Credit Facility - Committed | | $ | 150 | | | $ | 150 | | | | | $ | 150 | | | $ | 150 | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Lloyd’s Bank Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Lloyd's Bank Credit Facility - Committed | | $ | 250 | | | $ | 184 | | | 12/18/2026 | | $ | 250 | | | $ | 67 | | | 10/22/2026 | | | | | 50 | | | 12/31/2026 | | | | 61 | | | 12/18/2026 | | | | | 15 | | | 9/24/2027 | | | | 107 | | | 12/31/2026 | | Total Lloyd's Bank LOC Facility | | $ | 250 | | | $ | 249 | | | | | $ | 250 | | | $ | 235 | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Barclays Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Barclays Bilateral Letter of Credit Facility | | $ | 200 | | | $ | 13 | | | 11/14/2026 | | $ | 200 | | | $ | 13 | | | 11/14/2026 | | | | | 5 | | | 12/31/2026 | | | | 5 | | | 12/31/2026 | | | | | 100 | | | 7/21/2027 | | | | | | | | Total Barclays Bilateral Letter of Credit Facility | | $ | 200 | | | $ | 117 | | | | | $ | 200 | | | $ | 17 | | | | | | | | | | | | | | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Nordea Bank Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Nordea Bank Letter of Credit Facility - Committed | | $ | 200 | | | $ | 200 | | | 12/31/2026 | | $ | 200 | | | $ | 200 | | | 12/31/2026 | | Nordea Bank Letter of Credit Facility - Uncommitted | | 100 | | | 100 | | | 12/31/2026 | | 100 | | | 100 | | | 12/31/2026 | | Total Nordea Bank ABP, NY LOC Facility | | $ | 300 | | | $ | 300 | | | | | $ | 300 | | | $ | 300 | | | |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Funds at Lloyds Syndicated Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Pounds in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Funds at Lloyds Syndicated Letter of Credit Facility | | £ | 150 | | | £ | 143 | | | 11/1/2029 | | £ | 150 | | | £ | 143 | | | 11/1/2029 |
(Some amounts may not reconcile due to rounding.) The following table summarizes the outstanding letters of credit under the Commerzbank Letter of Credit Facility for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars and Euros in millions) | | At September 30, 2026 | | At December 31, 2025 | | Letter of Credit Facility | | Commitment | | In Use | | Date of Expiry | | Commitment | | In Use | | Date of Expiry | | Commerzbank Letter of Credit Facility | | € | 75 | | | € | 46 | | | 1/30/2027 | | € | 75 | | | € | 51 | | | 1/30/2027 | | | | | € | 1 | | | 12/31/2026 | | | | $ | 25 | | | 12/31/2026 | | | | | $ | — | | | 12/26/2026 | | | | $ | — | | | 12/26/2026 | | | | | $ | 23 | | | 12/31/2026 | | | | | | |
(Some amounts may not reconcile due to rounding.) |