UNITED FIRE GROUP INC (UFCS): debt financing — United Fire Group closes $30M private placement of 9.0% senior notes due 2039

UNITED FIRE GROUP INC

Issued $30M aggregate principal of Series B senior unsecured notes at 9.0% interest, maturing May 31, 2039.
Sold privately to Ares Alternative Credit funds; proceeds to fund growth and general corporate purposes.
Stonybrook Capital served as exclusive financial advisor for the offering.
Terms are identical to Series A notes issued May 2024, except for issue date and maturity.

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 incurred senior notes of $30,000,000 aggregate principal with Aspida Life Insurance Company maturing May 31, 2039.

Instrument: senior notes
Principal: $30,000,000 aggregate principal
Counterparty: Aspida Life Insurance Company
Maturity: May 31, 2039
Event: incurrence

Exact text from the filing

completed an additional private placement of $30,000,000 aggregate principal of senior unsecured notes with a maturity date of May 31, 2039 (the “Series B Notes”). The Series B Notes is exclusively between the Company and an affiliate of Ares, Aspida Life Insurance Company, as the sole investor.

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UNITED FIRE GROUP INC filing history →

Source: SEC EDGAR

accession 0000101199-25-000041

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