secwatch / observer
8-K filed March 28, 2024, 7:59 PM ET ticker ORI CIK 0000074260
debt confidence high sentiment neutral materiality 0.50

OLD REPUBLIC INTERNATIONAL CORP (ORI): debt financing — Old Republic International prices $400M 5.750% Senior Notes due 2034

OLD REPUBLIC INTERNATIONAL CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP incurred senior notes of $400,000,000 with Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters at 5.750% per annum maturing March 28, 2034.

Instrument
senior notes
Principal
$400,000,000
Counterparty
Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters
Rate
5.750% per annum
Maturity
March 28, 2034
Event
incurrence
Exact text from the filing
On March 25, 2024, Old Republic International Corporation (the “Company”) priced a registered underwritten public offering of 5.750% Senior Notes due 2034 in the aggregate principal amount of $400,000,000
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP entered into Eighth Supplemental Indenture with Wilmington Trust Company, as trustee valued at $400,000,000 (effective 2024-03-28).

Action
entry
Agreement
notes offering
Counterparty
Wilmington Trust Company, as trustee
Value
$400,000,000
Effective
2024-03-28
Exact text from the filing
The Company issued the Notes under an indenture dated as of August 15, 1992 (the “Base Indenture”), as supplemented by an eighth supplemental indenture dated as of March 28, 2024 (the “Eighth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), each between the Company and Wilmington Trust Company, as trustee (the “Trustee”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OLD REPUBLIC INTERNATIONAL CORP entered into Underwriting Agreement with Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters valued at $400,000,000 (effective 2024-03-25).

Action
entry
Agreement
notes offering
Counterparty
Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters
Value
$400,000,000
Effective
2024-03-25
Exact text from the filing
On March 25, 2024, Old Republic International Corporation (the “Company”) priced a registered underwritten public offering of 5.750% Senior Notes due 2034 in the aggregate principal amount of $400,000,000 (the “Notes”) to be sold pursuant to an underwriting agreement that was entered into among the Company, and Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters named therein, dated March 25, 2024 (the “Underwriting Agreement”).
View on SEC.gov

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OLD REPUBLIC INTERNATIONAL CORP filing history →

Source: SEC EDGAR
accession 0001104659-24-040538
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