secwatch / observer
8-K filed August 9, 2023, 7:59 PM ET ticker UFCS CIK 0000101199
debt confidence high sentiment neutral materiality 0.55

UNITED FIRE GROUP INC (UFCS): debt financing — United Fire Group amends credit agreement, reduces net worth covenant and waives prior breach

UNITED FIRE GROUP INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UNITED FIRE GROUP INC amended credit facility with Wells Fargo Bank, National Association.

Instrument
credit facility
Counterparty
Wells Fargo Bank, National Association
Event
amendment
Exact text from the filing
(the “Company”) and Wells Fargo Bank, National Association (“Wells Fargo”), in its capacity as administrative agent and sole lender, entered into the Third Amendment to Credit Agreement and Waiver (the “Third Amendment”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of March 31, 2020, by and among the Borrower, Wells Fargo, as administrative agent and swingline lender and issuing lender, and Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UNITED FIRE GROUP INC amended Third Amendment to Credit Agreement and Waiver with Wells Fargo Bank, National Association (effective 2023-08-07).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association
Effective
2023-08-07
Exact text from the filing
On August 7, 2023, United Fire & Casualty Company (the “Borrower”), a wholly owned subsidiary of United Fire Group, Inc. (the “Company”) and Wells Fargo Bank, National Association (“Wells Fargo”), in its capacity as administrative agent and sole lender, entered into the Third Amendment to Credit Agreement and Waiver (the “Third Amendment”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of March 31, 2020, by and among the Borrower, Wells Fargo, as administrative agent and swingline lender and issuing lender, and Wells Fargo Securities, LLC as sole lead arranger and sole bookrunner.
View on SEC.gov

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UNITED FIRE GROUP INC filing history →

Source: SEC EDGAR
accession 0000101199-23-000069
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