The Hanover Insurance Group, Inc. announced the pricing of a $500 million senior notes offering.
The offering includes senior, unsecured 5.50% notes due September 1, 2035.
Proceeds will be used to repay outstanding senior notes and for general corporate purposes.
Offering Details
$500 million senior notes offering priced at 5.50% due in 2035.
Use of Proceeds
Repayment of outstanding 7.625% Senior Notes and redemption of 4.500% Senior Notes.
Closing Date
Anticipated closure of the debt offering around August 21, 2025.
- The debt offering aims to strengthen the company's financial position by refinancing existing debt.
- Proceeds will enhance liquidity and support the company's general corporate activities.
The senior notes offering reflects The Hanover Insurance Group's strategic financing move to optimize its debt structure and support future growth.