The Hanover Insurance Group, Inc. has announced the pricing of a $500 million senior notes offering. The notes, which are unsecured and carry an interest rate of 5.50%, are due on September 1, 2035. The company intends to utilize the net proceeds from this issuance to repay its outstanding 7.625% Senior Notes due October 2025 and its 4.500% Senior Notes due April 2026, as well as for general corporate purposes. The debt offering is expected to close on or around August 21, 2025, pending customary closing conditions. The joint book-running managers for this offering are Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC.
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