debt
confidence high
sentiment neutral
materiality 0.50
Old Republic International prices $700M of 5.700% Senior Notes due 2036
OLD REPUBLIC INTERNATIONAL CORP
- $700M aggregate principal at 5.700% interest; semi-annual payments begin Dec 1, 2026; matures June 1, 2036.
- Notes are redeemable after March 1, 2036 at par; prior to that at Treasury Rate plus 20 bps.
- Underwriting agreement with Morgan Stanley and PNC Capital Markets as representatives.
- Ninth Supplemental Indenture with Wilmington Trust as trustee filed as Exhibit 4.1.
item 1.01item 2.03item 9.01