Brief: Proassurance - Amended And Restated Revolving Line Of Credit Facility To Allow For Additional Indebtedness Of Unit Related To Acquisition Norcal Group

ProAssurance

23/04/2021 21:45

April 23 (Reuters) - ProAssurance Corp  PRA.N :
    * PROASSURANCE - AMENDED AND RESTATED REVOLVING LINE OF
CREDIT
FACILITY TO ALLOW FOR ADDITIONAL INDEBTEDNESS OF UNIT RELATED TO
ACQUISITION NORCAL GROUP
    * PROASSURANCE CORP - PURPOSE OF AMENDMENT TO ALLOW CO TO
CLOSE
ACQUISITION OF NORCAL GROUP SO LONG AS CONTRIBUTION CERTIFICATES
DO NOT EXCEED $350 MILLION
    * PROASSURANCE CORP - MAY BORROW UP TO AGGREGATE AMOUNT OF
UNUSED
COMMITMENTS UNDER REVOLVING FACILITY AT ANY TIME PRIOR TO
TERMINATION OF AGREEMENT

Source text for Eikon: [https://bit.ly/2S0uS8k]
Further company coverage:  PRA.N 

 ((Reuters.Briefs@thomsonreuters.com;))