American Financial Group names John B. Berding President; enters new $450M credit facility

AMERICAN FINANCIAL GROUP INC

John B. Berding elected President of AFG, effective June 27, 2023; continues as President of AMMC and Board member.
New five-year $450M unsecured revolving credit facility replaces prior facility; accordion feature allows increase to $700M.
Berding receives one-time $2M restricted stock award that cliff-vests after four years.
Former credit agreement terminated concurrently with new facility.

item 1.01 item 1.02 item 2.03 item 5.02 item 9.01

Executive movements

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Role change

John B. Berding

President

AFG · AMERICAN FINANCIAL GROUP INC

Effective: 2023-06-27
Filed: June 27, 2023, 7:59 PM ET

On June 27, 2023, the Company announced the promotion of John B. Berding to President of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John B. Berding changed role as President at AMERICAN FINANCIAL GROUP INC.

Action: promotion
Role: President

Exact text from the filing

On June 27, 2023, the Company announced the promotion of John B. Berding to President of the Company, effective immediately.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN FINANCIAL GROUP INC entered into Credit Agreement with Bank of America, N.A., as Administrative Agent, and several lenders valued at $450 million (effective 2023-06-27).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., as Administrative Agent, and several lenders
Value: $450 million
Effective: 2023-06-27

Exact text from the filing

On June 27, 2023, American Financial Group, Inc. (the “Company”) entered into an amended and restated credit agreement (the “Credit Agreement”) with Bank of America, N.A., as Administrative Agent, and several lenders

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMERICAN FINANCIAL GROUP INC terminated Former Credit Agreement (effective 2023-06-27).

Action: termination
Agreement: credit facility
Effective: 2023-06-27

Exact text from the filing

As provided in Item 1.01 above, contemporaneously with entering into the Credit Agreement, the Former Credit Agreement was terminated.

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37 material agreements filed in the last 30 days. Browse all material agreements →

AMERICAN FINANCIAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001140361-23-031731

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