Mercury General raises $525M in 10-year senior notes at 6.25% to fund operations

Filed June 11, 2026 · Period ending June 9, 2026 · ~1 min read

Key Changes

• high

  Completed $525 million senior notes offering at 6.25% interest, maturing June 2036. Notes sold at 99.764% of face value, slightly below par. Interest payable semi-annually starting December 2026.

  Item 8.01 verify on EDGAR →
• medium

  Notes are unsecured and rank equally with existing senior debt. Cross-default provision triggers if company defaults on more than $35 million of other debt and fails to cure within 30 days.

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• medium

  Amended existing Bank of America credit agreement to permit the new debt issuance. Original credit agreement dated March 2021 had restrictions on additional borrowing.

  Item 8.01 verify on EDGAR →