secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001193125-23-153743
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive issues $500M of 4.95% Senior Notes due 2033
-------------------------------------------------------

- $500M aggregate principal amount of 4.95% Senior Notes due June 15, 2033.
- Net proceeds estimated at $496.3M after underwriting discounts and expenses.
- Interest payable semi-annually on June 15 and Dec 15, starting Dec 15, 2023.
- Underwriting Agreement with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC; close expected May 25, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000119312523153743/0001193125-23-153743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000119312523153743/d404889d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-153743

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer