Selective Insurance Group, Inc. announced the successful closing of its $400 million senior notes offering. The notes carry a 5.90% interest rate and are due in 2035.
The proceeds from this financing event are designated for general corporate purposes. This includes supporting the company's organic growth initiatives, which are central to its long-term value creation strategy.
This closure follows Fitch Ratings' assignment of a 'BBB+' long-term rating to the notes, indicating a stable outlook for the company's debt. The offering enhances Selective's financial flexibility and capital position.
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