Brief: Proassurance Says On April 28, Amended Credit Agreement To Extend Expiration To April 2028

ProAssurance

04/05/2023 18:51

May 4 (Reuters) - ProAssurance Corp  PRA.N :
    * PROASSURANCE CORP - ON APRIL 28, AMENDED AND RESTATED ITS REVOLVING CREDIT
AGREEMENT TO EXTEND ITS EXPIRATION TO APRIL 2028
    * PROASSURANCE CORP - REVOLVING CREDIT AGREEMENT PERMITS BORROWINGS UP TO
$250
MILLION
    * PROASSURANCE CORP - IN CONCERT WITH REVOLVING CREDIT AGREEMENT AMENDMENT,
CO
AGREED TO A TERM LOAN OF $125 MILLION AS OF APRIL 28, 2023
    * PROASSURANCE CORP - PLAN TO DRAW ON TERM LOAN AND REVOLVING CREDIT
AGREEMENT IN
NOVEMBER 2023 TO REFINANCE OUR SENIOR NOTES THAT ARE DUE AT THAT TIME

Source text for Eikon:  ID: 
Further company coverage:  PRA.N 

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