debt
confidence high
sentiment neutral
materiality 0.40
Horace Mann extends credit facility maturity to 2030, maintains $325M commitment
HORACE MANN EDUCATORS CORP /DE/
- Fourth Amendment extends commitment termination date from July 2026 to May 2030.
- Replaced Eurodollar benchmark with Term SOFR plus 10 bps adjustment; existing rate spreads unchanged.
- Outstanding balance remains $0; $325 million total commitment available as of May 19, 2025.
- Applicable rate for Term SOFR borrowings stays at 115 bps; unused commitment fee at 15 bps.
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