secwatch.observer — SEC 8-K summary
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Issuer:     Employers Holdings, Inc. (EIG)
CIK:        0001379041
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001379041-24-000129
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1379041/000137904124000129/0001379041-24-000129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1379041/000137904124000129/eig-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001379041-24-000129

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