---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-115912"
form_type: "8-K"
ticker: "SIGI"
cik: "0000230557"
company_name: "SELECTIVE INSURANCE GROUP INC"
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:38:23.086703+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Selective Insurance Group enters $50M revolver, terminates prior facility

## Summary
- Entered $50M revolving credit facility with Wells Fargo as administrative agent; can be increased to $125M with lender consent.
- Loan matures Nov 7, 2025; interest rates indexed to base rate or term SOFR plus margin based on debt rating.
- Terminated prior $50M credit agreement with BMO (Bank of Montreal) early without penalty; was due Dec 20, 2022.
- Customary covenants and events of default included; proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0001104659-22-115912
- form_type: 8-K
- ticker: SIGI
- cik: 0000230557
- company_name: SELECTIVE INSURANCE GROUP INC
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/230557/000110465922115912/0001104659-22-115912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/230557/000110465922115912/tm2229806d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115912
- JSON: https://secwatch.observer/filing/0001104659-22-115912.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115912.txt

## Key facts
- Debt Financings
  SELECTIVE INSURANCE GROUP INC incurred revolving credit of $50 million with Wells Fargo Bank, National Association at base rate or the term Secured Overnight Financing Rate (SOFR) for one-, three-, maturing November 7, 2025.
  - Instrument: revolving credit
  - Principal: $50 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: base rate or the term Secured Overnight Financing Rate (SOFR) for one-, three-,
  - Maturity: November 7, 2025
  - Event: incurrence
  source text: On November 7, 2022, Selective Insurance Group, Inc. (“Selective”) entered into that certain Credit Agreement (the “Agreement”), by and among Selective, the lenders named therein (collectively, the “Lenders”), and Wells Fargo Bank, National Association, as administrative agent (the “Administrative Agent”). Under the Agreement, the Lenders have agreed to provide Selective with a $50 million revolving credit facility, which can be increased to $125 million with the consent of the Lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/230557/000110465922115912/0001104659-22-115912-index.htm
- Material Agreements
  SELECTIVE INSURANCE GROUP INC entered into Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein valued at $50 million revolving credit facility, can be increased to $125 million, matures November 7, 2025 (effective 2022-11-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the lenders named therein
  - Value: $50 million revolving credit facility, can be increased to $125 million, matures November 7, 2025
  - Effective: 2022-11-07
  source text: On November 7, 2022, Selective Insurance Group, Inc. (“Selective”) entered into that certain Credit Agreement (the “Agreement”), by and among Selective, the lenders named therein (collectively, the “Lenders”), and Wells Fargo Bank, National Association, as administrative agent (the “Administrative Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/230557/000110465922115912/0001104659-22-115912-index.htm
- Material Agreements
  SELECTIVE INSURANCE GROUP INC terminated Prior Credit Agreement with Bank of Montreal, Chicago Branch, as administrative agent, and the prior lenders valued at Terminated early without penalty; originally dated December 20, 2019, scheduled to mature December 2 (effective 2022-11-07).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bank of Montreal, Chicago Branch, as administrative agent, and the prior lenders
  - Value: Terminated early without penalty; originally dated December 20, 2019, scheduled to mature December 2
  - Effective: 2022-11-07
  source text: Selective exercised its early termination rights and terminated the Prior Credit Agreement, with such termination effective as of November 7, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/230557/000110465922115912/0001104659-22-115912-index.htm

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