debt
confidence high
sentiment neutral
materiality 0.40
Assurant enters into new $500M senior unsecured revolving credit facility, replacing $450M facility
ASSURANT, INC.
- New $500M five-year senior unsecured revolving credit facility, expiring December 2026.
- Replaces prior $450M facility that was set to expire December 2022.
- Facility may be increased to $700M subject to certain conditions.
- Proceeds for general corporate purposes; JPMorgan Chase as administrative agent, Wells Fargo as syndication agent.
- Existing credit agreement terminated upon effectiveness.