---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033859"
form_type: "8-K"
ticker: "THG"
cik: "0000944695"
company_name: "HANOVER INSURANCE GROUP, INC."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:18:15.532448+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hanover Insurance enters $150M revolving credit facility, replaces 2019 agreement

## Summary
- New unsecured revolving credit facility provides $150M, expandable to $300M in $10M increments.
- Matures July 21, 2028, with option to extend one year upon lender approval.
- Replaces and terminates prior $150M credit agreement dated April 30, 2019.
- Interest rates based on debt ratings: ABR margin 0.125%-0.625%, Term SOFR margin 1.125%-1.625%.
- Financial covenants require minimum net worth and leverage ratio; no minimum risk-based capital requirement.

## SEC filing metadata
- accession: 0000950170-23-033859
- form_type: 8-K
- ticker: THG
- cik: 0000944695
- company_name: HANOVER INSURANCE GROUP, INC.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944695/000095017023033859/0000950170-23-033859-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944695/000095017023033859/thg-20230721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033859
- JSON: https://secwatch.observer/filing/0000950170-23-033859.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033859.txt

## Key facts
- Material Agreements
  HANOVER INSURANCE GROUP, INC. terminated Prior Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and various other lender parties (effective 2023-07-21).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and various other lender parties
  - Effective: 2023-07-21
  source text: Concurrent with the Company’s entry into the New Credit Agreement, the Company voluntarily terminated the Prior Credit Agreement, as amended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/944695/000095017023033859/0000950170-23-033859-index.htm
- Material Agreements
  HANOVER INSURANCE GROUP, INC. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, Truist Bank and PNC Bank, National Association, as co-syndication agents, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA, as co-documentation agents, and JPMorgan Chase Bank, N.A., PNC Capital Markets LLC and Truist Securities, Inc. valued at $150,000,000 (effective 2023-07-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, Truist Bank and PNC Bank, National Association, as co-syndication agents, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA, as co-documentation agents, and JPMorgan Chase Bank, N.A., PNC Capital Markets LLC and Truist Securities, Inc.
  - Value: $150,000,000
  - Effective: 2023-07-21
  source text: On July 21, 2023, The Hanover Insurance Group, Inc. (the “Company”), as Borrower, entered into a Credit Agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, Truist Bank and PNC Bank, National Association, as co-syndication agents, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA, as co-documentation agents, and JPMorgan Chase Bank, N.A., PNC Capital Markets LLC and Truist Securities, Inc., as joint bookrunners and joint lead arrangers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/944695/000095017023033859/0000950170-23-033859-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.