<a href="https://laohu8.com/S/SIGI">Selective Insurance Group</a> Inc. Secures New $100 Million Credit Facility with Wells Fargo Bank, Maturing in 2028
Selective Insurance Group Inc. has entered into a new Credit Agreement as of June 30, 2025, involving several lenders and Wells Fargo Bank, National Association as the administrative agent. This new agreement provides Selective with a $100 million revolving credit facility, which can be expanded to $200 million with the consent of the lenders. The credit facility, which matures on June 30, 2028, offers interest rates indexed to either a base rate or the term Secured Overnight Financing Rate $(SOFR)$ plus a specified margin based on Selective's debt rating. This new agreement replaces a prior credit agreement from November 2022, which offered a $50 million facility expandable to $125 million. The termination of the prior agreement incurred no penalties for Selective.
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. Selective Insurance Group 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: 0001104659-25-064709), on July 01, 2025, and is solely responsible for the information contained therein.
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