Primerica, Inc. (PRI): debt financing — Primerica amends $200M revolver, extends maturity to June 2031

Primerica, Inc.

Second Amended Credit Facility with $200M commitment from syndicate of 6 banks; no amounts outstanding at signing.
Maturity extended from June 22, 2026 to June 2, 2031; Applicable Margin ranges from 1.00%-1.625% for SOFR loans based on credit ratings.
Financial covenants include leverage ratio and minimum consolidated net worth; commitment fee on unused portion 0.08%-0.225% p.a.
Proceeds may be used for general corporate purposes; facility is unsecured.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Primerica, Inc. amended revolving credit of $200 million with The Bank of New York Mellon, Citibank, N.A., JP Morgan Chase Bank, N.A., Royal Bank of Canada, The Bank of Nova Scotia, and Wells Fargo Bank, National Association at SOFR or the base rate, plus in either case the Applicable Margin maturing June 2, 2031.

Instrument: revolving credit
Principal: $200 million
Counterparty: The Bank of New York Mellon, Citibank, N.A., JP Morgan Chase Bank, N.A., Royal Bank of Canada, The Bank of Nova Scotia, and Wells Fargo Bank, National Association
Rate: SOFR or the base rate, plus in either case the Applicable Margin
Maturity: June 2, 2031
Event: amendment

Exact text from the filing

under this Item 1.01. . Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. Our amended and restated $200 million five-year unsecured revolving credit facility (the “Credit Facility”) that was entered into on June 22, 2021 (originally entered into on December 19, 2017 and subsequently

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Primerica, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-253592

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