Brief: Hanover Insurance Group Entered Into Credit Agreement

Hanover Insurance group

21/07/2023 22:33

July 21 (Reuters) - Hanover Insurance Group Inc  THG.N :
    * HANOVER INSURANCE GROUP INC - ENTERED INTO CREDIT
AGREEMENT
    * HANOVER INSURANCE:NEW CREDIT AGREEMENT PROVIDES FOR 5-YEAR
UNSECURED REVOLVING CREDIT FACILITY FOR CO NOT TO EXCEED $150MLN
AT ANY ONE TIME OUTSTANDING
    * HANOVER INSURANCE GROUP - NEW CREDIT AGREEMENT PROVIDES
WITH
OPTION TO INCREASE FACILITY UP TO $300MLN, IN INCREMENTS OF
$10MLN
    * HANOVER INSURANCE GROUP INC - NEW CREDIT AGREEMENT ALSO
INCLUDES
UNCOMMITTED SUBFACILITY OF $50MLN FOR STANDBY LETTERS OF CREDIT

Further company coverage:  THG.N 

 (Reuters.Briefs@thomsonreuters.com)