secwatch.observer — SEC 8-K summary
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Issuer:     RLI CORP (RLI)
CIK:        0000084246
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001104659-26-022871
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RLI Corp. issues $300M of 5.375% Senior Notes due 2036; upsizes credit facility to $150M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/0001104659-26-022871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84246/000110465926022871/rli-20260226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-022871

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