trending Market Intelligence /marketintelligence/en/news-insights/trending/9dxPq8xJRgVwixzTwQ1dew2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Selective Insurance secures $50M revolving credit facility

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Selective Insurance secures $50M revolving credit facility

Selective Insurance Group Inc. entered a credit agreement for a $50 million revolving credit facility, which can increase up to $125 million with the consent of the lenders.

Bank of Montreal, Chicago branch, will act as administrative agent under the agreement, which will mature Dec. 20, 2022. Interest rates on borrowings under the credit facility are dependent on Selective's debt rating and based on either London Interbank Offered Rate interest periods selected by the company or a base rate adjusted by a specified margin.

Selective also terminated a credit agreement dated Dec. 1, 2015, for a $30 million revolving credit facility, which was due to mature Dec. 1, 2020.