---
schema_version: "secwatch.filing_event.v1"
accession: "0001840776-25-000041"
form_type: "8-K"
ticker: "HGTY"
cik: "0001840776"
company_name: "Hagerty, Inc."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T02:03:25.248709+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hagerty enters $375M unsecured revolving credit facility, replaces prior $50.3M debt

## Summary
- Entered $375M senior unsecured revolving credit facility with JPMorgan as agent; five-year term expires March 2025.
- Facility includes $175M LC sublimit, $100M foreign currency sublimit, and $75M accordion feature.
- Proceeds used to repay $50.3M outstanding under prior secured credit agreement, which was terminated.
- Interest based on Term SOFR plus margin (net leverage pricing grid); financial covenants: net leverage ≤3.25x and fixed charge coverage.
- Accordion can be increased unlimited if net leverage below 3.25x; uncommitted accordion of $75M also available.

## SEC filing metadata
- accession: 0001840776-25-000041
- form_type: 8-K
- ticker: HGTY
- cik: 0001840776
- company_name: Hagerty, Inc.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840776/000184077625000041/0001840776-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840776/000184077625000041/hgty-20250307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840776-25-000041
- JSON: https://secwatch.observer/filing/0001840776-25-000041.json
- Plain text: https://secwatch.observer/filing/0001840776-25-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.