NYSE:THGInsurance
How Hanover Insurance Group's (THG) $500 Million Debt Refinancing Could Impact Investors
Earlier this week, The Hanover Insurance Group announced it had priced a US$500 million senior unsecured notes offering at 5.50%, due September 1, 2035, aiming to close the transaction around August 21, 2025.
This move allows Hanover to refinance its higher-interest debt maturing in 2025 and 2026, which could improve its interest expense profile and enhance financial flexibility.
We'll examine how Hanover's refinancing of higher-rate notes with a new debt issuance could shape its...