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AI brief of an SEC Form 8-K · Horace Mann Educators (HMN)

Horace Mann amends credit agreement, extends $325 million facility to May 2030

Neutral Impact 2 of 5 financing Written later

Horace Mann Educators entered a Fourth Amendment to its credit agreement with PNC Bank as administrative agent, dated May 19, 2025. The amendment extends the commitment termination date to May 19, 2030 and moves the loan benchmark from Eurodollar rates to Term SOFR, with a 10 basis point adjustment. The company had $0 outstanding and $325 million of available commitments as of May 19, 2025.

Key points

  • Commitment termination date extended to May 19, 2030, from July 12, 2026
  • Benchmark changed from Eurodollar-based rate to Term SOFR plus a 10 basis point adjustment
  • Applicable rate for Term SOFR borrowings remains at 115 basis points; unused commitment fee remains at 15 basis points
  • As of May 19, 2025, outstanding balance was $0 with $325 million of available commitments

The filing

CompanyHorace Mann Educators (HMN)
Form8-K, current report
Filed with the SECMay 22, 2025, 1:53 PM ET
Accession number0001628280-25-027198

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 22, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.