Erie Indemnity enters new $100M revolving credit facility with PNC, replacing JPMorgan; maturity Oct 2026

ERIE INDEMNITY CO

New $100M revolving credit facility with PNC Bank as administrative agent; includes $25M letter of credit subfacility.
Replaces prior $100M facility with JPMorgan (maturity Oct 2023); no borrowings at closing.
Maturity October 29, 2026; interest based on BSBY or Base Rate plus margin depending on leverage ratio.
Covenants include limitations on debt, liens, dividends, and maintaining Indebtedness to Capitalization Ratio.
Obligations secured by a pledge agreement; facility available for working capital and general corporate purposes.

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