Mercury General enters $250M unsecured revolving credit facility, maturing 2031

MERCURY GENERAL CORP

Second Amended and Restated Credit Agreement provides $250M unsecured revolving facility, matures June 24, 2031.
Replaces existing March 2021 credit facility; proceeds for general corporate purposes.
Interest margins: 1.00%-1.50% (Term SOFR) or 0.00%-0.50% (Base Rate) based on debt-to-capital ratio.
Financial covenants: minimum equity $1.55B+25% net income, debt/capital ≤35%, RBC ratio ≥150%.

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