Mercury General refinances credit facility with new $250M revolving line through 2031

Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• medium

  Replaced 2021 credit agreement with new $250M unsecured revolving facility maturing June 24, 2031, extending maturity by five years for general corporate purposes.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  New facility requires quarterly compliance with three financial covenants: minimum shareholders' equity of $1.55B plus 25% of positive net income from 2026 forward, maximum 35% debt-to-capital ratio, and minimum 150% risk-based capital ratio for key insurance subsidiaries.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• low

  Interest rates based on Term SOFR plus 1.00%-1.50% or Base Rate plus 0.00%-0.50%, with margin determined by debt-to-capital ratio.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →