{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-022871","form_type":"8-K","ticker":"RLI","cik":"0000084246","company_name":"RLI CORP","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.809574+00:00","generated_at":"2026-05-15T22:26:57.827141+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"RLI Corp. issues $300M of 5.375% Senior Notes due 2036; upsizes credit facility to $150M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-022871","json":"https://secwatch.observer/filing/0001104659-26-022871.json","markdown":"https://secwatch.observer/filing/0001104659-26-022871.md","text":"https://secwatch.observer/filing/0001104659-26-022871.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/0001104659-26-022871-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/rli-20260226x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:26:57.827141+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"451037b5cacf6a45a4768c8483ba0671e2e0f65b","claim":"RLI CORP amended credit facility of $150 million with PNC Bank, National Association maturing February 26, 2031.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/0001104659-26-022871-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Maturity","value":"February 26, 2031"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d988c51c5149f6105c2cad98b494afc4d3eeb29d","claim":"RLI CORP incurred senior notes of $300 million with Computershare Trust Company, National Association at 5.375% maturing due 2036.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/0001104659-26-022871-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$300 million"},{"label":"Counterparty","value":"Computershare Trust Company, National Association"},{"label":"Rate","value":"5.375%"},{"label":"Maturity","value":"due 2036"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"51db2d3eb2ccaaa78c72643de3b585a2c19577bb","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/0001104659-26-022871-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, National Association"},{"label":"Value","value":"$300 million aggregate principal amount"},{"label":"Effective","value":"2026-03-03"}],"fact_type":"material_agreement"},{"claim_id":"63241d3383dc456f1ca8f7b8c12dfea6833f2749","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/0001104659-26-022871-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"$150 million aggregate commitment, increased from prior"},{"label":"Effective","value":"2026-02-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}