Employers Holdings enters $25M unsecured revolving credit facility with Wells Fargo

Employers Holdings, Inc.

$25.0M unsecured three-year revolving credit facility; guaranteed by Employers Group, Inc. and Cerity Group, Inc.
Interest rates based on base rate or Adjusted Term SOFR plus 1.75% margin; commitment fee tied to A.M. Best rating or debt ratio.
Financial covenants: minimum consolidated net worth of $800M and debt-to-capitalization ratio ≤35%.
Facility may be used for working capital and general corporate purposes; option to increase by up to $10M with lender consent.
Wells Fargo acts as administrative agent, swingline lender, and issuing lender; facility expires on May 28, 2027.

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