HORACE MANN EDUCATORS CORP /DE/ (HMN): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HORACE MANN EDUCATORS CORP /DE/ amended revolving credit of $325 million of available commitments with PNC Bank, National Association (as administrative agent) and lenders party thereto at Term SOFR Rate + 0.875% - 1.375% per annum (115 bps as of May 19, 2025) maturing May 19, 2030.

Instrument: revolving credit
Principal: $325 million of available commitments
Counterparty: PNC Bank, National Association (as administrative agent) and lenders party thereto
Rate: Term SOFR Rate + 0.875% - 1.375% per annum (115 bps as of May 19, 2025)
Maturity: May 19, 2030
Event: amendment

Exact text from the filing

115 basis points and the unused commitment fee remains at 15 basis points. As of May 19, 2025, the Company’s outstanding balance under the Credit Agreement remained at $0 with $325 million of available commitments. The preceding summary of the Fourth Amendment is qualified in its entirety by reference to the full text of the Fourth Amendment, a copy of which is

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Source: SEC EDGAR

accession 0001628280-25-027198

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