STEWART INFORMATION SERVICES CORP (STC): debt financing — Stewart enters $300M revolving credit facility, adds $100M capacity

STEWART INFORMATION SERVICES CORP

New $300M unsecured revolving credit facility matures October 2030, replacing prior $200M facility.
Incremental facility option allows up to $125M additional commitments.
Interest rates based on Base Rate or Term SOFR plus applicable margin (0.25%-1.625%).
Financial covenants include Debt to Total Capitalization ≤0.35 and minimum Consolidated Net Worth.
CEO Fred Eppinger says facility provides 'additional backing' for strategic growth.

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

STEWART INFORMATION SERVICES CORP amended revolving credit of $300 million revolving credit facility with PNC Bank, National Association at Term SOFR plus Applicable Margin (1.25% to 1.625% per annum) maturing October 7, 2030.

Instrument: revolving credit
Principal: $300 million revolving credit facility
Counterparty: PNC Bank, National Association
Rate: Term SOFR plus Applicable Margin (1.25% to 1.625% per annum)
Maturity: October 7, 2030
Event: amendment

Exact text from the filing

used and not defined in this Item 2.03 have the meanings given to such terms in the Credit Agreement. The credit facility evidenced by the Credit Agreement is comprised of a $300 million revolving credit facility that matures on October 7, 2030. The Credit Agreement includes an incremental facility option that permits the Company, subject to the satisfaction of

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Source: SEC EDGAR

accession 0001104659-25-097677

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