secwatch.observer — SEC 8-K summary
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Issuer:     HANOVER INSURANCE GROUP, INC. (THG)
CIK:        0000944695
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0000950170-23-033859
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944695/000095017023033859/0000950170-23-033859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944695/000095017023033859/thg-20230721.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033859

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