Signed Jun 24, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | n/a | Jun 2031 | 100–150 bps |
Priced over Term SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level 1 | < 15% | 100 bps | 10 bps |
| Level 2 | ≥ 15% but < 20% | 113 bps | 13 bps |
| Level 3 | ≥ 20% but < 25% | 125 bps | 15 bps |
| Level 4 | ≥ 25% but < 30% | 138 bps | 18 bps |
| Level 5 | ≥ 30% | 150 bps | 23 bps |
§1.01
Lenders: BofA SECURITIES, INC., WELLS FARGO SECURITIES, LLC
The Borrower shall not permit its Consolidated Net Worth to be less than an amount equal to the sum of (a) $1,550,000,000 plus (b) 25% of positive Consolidated Net Income earned in each calendar year commencing with the calendar year ending December 31, 2026.Read the filing on sec.gov ↗
The Borrower shall not permit the Debt to Capital Ratio to exceed 35%.Read the filing on sec.gov ↗
The Borrower shall not permit the Risk Based Capital Ratio of any Material Insurance Subsidiary to be less than 150%.Read the filing on sec.gov ↗
Jul 31, 2026
Amendmentunconfirmed
Amends the definition of Consolidated Debt to exclude, solely for the fiscal quarter ended June 30, 2026, any outstanding amount of the Existing 2027 Notes. No other economic terms, pricing, tranches, or maturities are changed.Filing ↗
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