debt
confidence high
sentiment neutral
materiality 0.50
Assurant enters $500M five-year revolving credit facility, replacing prior facility
ASSURANT, INC.
- New $500M senior unsecured revolver expires June 2030; replaces Dec 2021 facility that was set to expire Dec 2026.
- Borrowing capacity may be increased to $750M upon satisfaction of specified conditions.
- Proceeds may be used for general corporate purposes; facility contains customary affirmative, negative and financial covenants.
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