Selective Insurance Group enters $100 million credit facility, replacing $50 million facility
Selective Insurance Group entered a new $100 million revolving credit agreement dated June 30, 2025, with Wells Fargo as administrative agent, maturing June 30, 2028. The new facility replaced a prior $50 million facility that was scheduled to mature in November 2025 and terminated without penalty. The filing describes a larger, longer-dated borrowing line with customary covenants and events of default, which gives shareholders no direct earnings figures.
Key points
- New $100 million revolving credit facility, expandable to $200 million with lender consent
- Agreement matures June 30, 2028; interest tied to base rate or term SOFR plus a margin based on debt rating
- Prior $50 million facility, dated November 7, 2022, terminated automatically with no penalties
- Covenants include minimum consolidated net worth and a maximum debt-to-capitalization ratio
The filing
Written by AI on Nov 8, 2026, 12:58 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 July 01, 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.