<a href="https://laohu8.com/S/AIZN">Assurant Inc</a>. Secures New $500 Million Revolving Credit Facility with JPMorgan Chase and Wells Fargo
Assurant Inc. has announced the entry into a new third amended and restated credit agreement, establishing a $500 million five-year senior unsecured revolving credit facility with a consortium of lenders, including JPMorgan Chase Bank, N.A. as the administrative agent and Wells Fargo Bank as the syndication agent. This new facility, which replaces a prior similar agreement set to expire in December 2026, will now expire in June 2030. It includes provisions for revolving loans and the issuance of letters of credit up to an aggregate of $500 million, with a sublimit of $50 million for letters of credit. The agreement allows for potential expansion up to $750 million under certain conditions and is intended to support general corporate purposes. The new agreement includes customary covenants and conditions, with any event of default potentially triggering immediate repayment obligations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Assurant Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-142716), on June 18, 2025, and is solely responsible for the information contained therein.
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