United Fire Group issues $70M senior notes at 9% due 2039 in private placement

UNITED FIRE GROUP INC

$70M aggregate principal senior unsecured notes, 9% annual interest, due May 31, 2039.
Notes placed with Ares Management Credit funds as lead investor; proceeds for growth and general corporate purposes.
Interest payable quarterly starting Aug 31, 2024; no redemption before May 31, 2034 except change of control or default.
Stonybrook Capital acted as exclusive financial advisor; Ares Alternative Credit team manages ~$36.5B AUM.
Offering exempt from registration under Rule 144A/Reg S; not redeemable early without conditions.

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