---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-110881"
form_type: "8-K"
ticker: "PFG"
cik: "0001126328"
company_name: "PRINCIPAL FINANCIAL GROUP INC"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:34:02.347617+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Principal Financial Group enters $800M five-year credit facility; refinances existing revolvers

## Summary
- Borrowing capacity of $800M, expandable to $1.2B; matures Oct 18, 2027.
- Facility is unsecured, replaces 2018 credit lines; no borrowings outstanding currently.
- Covenants include minimum statutory surplus of ~$2.763B and max total debt to total capital of 35%.
- Includes provisions for sustainability-linked pricing adjustments tied to ESG targets.
- SOFR-based rates replace LIBOR; commitment fee ranges from 0.07% to 0.125% based on financial strength rating.

## SEC filing metadata
- accession: 0001104659-22-110881
- form_type: 8-K
- ticker: PFG
- cik: 0001126328
- company_name: PRINCIPAL FINANCIAL GROUP INC
- filed_at: 2022-10-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126328/000110465922110881/0001104659-22-110881-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126328/000110465922110881/tm2228731d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-110881
- JSON: https://secwatch.observer/filing/0001104659-22-110881.json
- Plain text: https://secwatch.observer/filing/0001104659-22-110881.txt

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