SELECTIVE INSURANCE GROUP INC (SIGI): debt financing — Selective Insurance Group enters new $100M revolving credit facility, replaces $50M prior facility

SELECTIVE INSURANCE GROUP INC

New $100M revolver matures June 30, 2028; can be increased to $200M with lender consent.
Prior $50M facility (due Nov 2025) terminated upon effectiveness; no penalties incurred.
Interest rate indexed to SOFR or base rate plus margin tied to Selective's debt rating.
Includes financial covenants: minimum consolidated net worth and max debt-to-capitalization ratio.

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

SELECTIVE INSURANCE GROUP INC incurred revolving credit of $100 million with Wells Fargo Bank, National Association at base rate or SOFR plus margin maturing June 30, 2028.

Instrument: revolving credit
Principal: $100 million
Counterparty: Wells Fargo Bank, National Association
Rate: base rate or SOFR plus margin
Maturity: June 30, 2028
Event: incurrence

Exact text from the filing

Under the Agreement, the Lenders have agreed to provide Selective with a $100 million revolving credit facility, which can be increased to $200 million with the consent of the Lenders. The Agreement will mature on June 30, 2028.

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Source: SEC EDGAR

accession 0001104659-25-064709

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