Loan & DebtMay 18, 2026, 04:17 PM
Old Republic International Issues $700M 5.700% Senior Notes Due 2036
AI Summary
Old Republic International Corporation priced a registered underwritten public offering of $700 million in 5.700% Senior Notes due 2036. The notes were issued pursuant to an underwriting agreement dated May 13, 2026, with Morgan Stanley & Co. LLC and PNC Capital Markets LLC. Interest will be paid semi-annually, beginning December 1, 2026, with the notes maturing on June 1, 2036, creating a direct financial obligation for the company.
Key Highlights
- Priced $700,000,000 aggregate principal amount of 5.700% Senior Notes.
- Notes bear an interest rate of 5.700% per annum.
- Interest payable semi-annually, beginning December 1, 2026.
- Notes mature on June 1, 2036.
- Issued under an underwriting agreement dated May 13, 2026.
- Redeemable prior to March 1, 2036, at a premium.
Price Impact
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