8-K
filed March 3, 2026, 6:59 PM ET
ticker RLI
CIK 0000084246
debt
confidence high
sentiment neutral
materiality 0.60
RLI CORP (RLI): debt financing — RLI Corp. issues $300M of 5.375% Senior Notes due 2036; upsizes credit facility to $150M
RLI CORP
- Completed public offering of $300M aggregate principal of 5.375% Senior Notes due March 1, 2036.
- Interest payable semi-annually on June 1 and Dec 1, starting June 1, 2026; notes callable at make-whole prior to 2036.
- Entered amended credit agreement with PNC Bank: $150M commitment (up from prior), maturity Feb 26, 2031, with $50M accordion.
- Credit agreement contains no financial ratio maintenance or restriction on dividends or additional debt.
- Proceeds from notes and credit facility for general corporate purposes; both agreements have standard events of default.
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
RLI CORP amended credit facility of $150 million with PNC Bank, National Association maturing February 26, 2031.
- Instrument
- credit facility
- Principal
- $150 million
- Counterparty
- PNC Bank, National Association
- Maturity
- February 26, 2031
- Event
- amendment
Exact text from the filing
the Company’s existing credit agreement, dated as of March 30, 2023, to, among other things, extend the maturity date to February 26, 2031, increase the aggregate commitment to $150 million, increase the size of the accordion feature to $50 million and amend the interest rates and certain fees. The foregoing description of the A&R Credit Agreement is qualified in
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
RLI CORP incurred senior notes of $300 million with Computershare Trust Company, National Association at 5.375% maturing due 2036.
- Instrument
- senior notes
- Principal
- $300 million
- Counterparty
- Computershare Trust Company, National Association
- Rate
- 5.375%
- Maturity
- due 2036
- Event
- incurrence
Exact text from the filing
On March 3, 2026, RLI Corp. (the “Company”) completed the public offering of $300 million in aggregate principal amount of its 5.375% Senior Notes due 2036 (the “Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RLI CORP entered into 5.375% Senior Notes due 2036 Indenture with Computershare Trust Company, National Association valued at $300 million aggregate principal amount (effective 2026-03-03).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Computershare Trust Company, National Association
- Value
- $300 million aggregate principal amount
- Effective
- 2026-03-03
Exact text from the filing
On March 3, 2026, RLI Corp. (the “Company”) completed the public offering of $300 million in aggregate principal amount of its 5.375% Senior Notes due 2036 (the “Notes”). The Notes were issued pursuant to an indenture entered into on March 3, 2026 (the “Base Indenture”), as supplemented by a first supplemental indenture entered into on March 3, 2026 (the “First Supplemental Indenture”), in each case, between the Company and Computershare Trust Company, National Association, as trustee.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RLI CORP entered into Amended and Restated Credit Agreement with PNC Bank, National Association valued at $150 million aggregate commitment, increased from prior (effective 2026-02-26).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- $150 million aggregate commitment, increased from prior
- Effective
- 2026-02-26
Exact text from the filing
On February 26, 2026, the Company entered into an amended and restated credit agreement (the “A&R Credit Agreement”) between the Company and PNC Bank, National Association.
View on SEC.gov
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