The Travelers Companies, Inc. Enters into New Credit Agreement

The Travelers Companies, Inc. has entered into a new $1.2 billion Five-Year Revolving Credit Agreement, replacing its previous $1.0 billion agreement. The new agreement, effective May 15, 2026, matures on May 15, 2031, and allows for borrowings up to $1.2 billion, with an option to increase the facility to $1.8 billion. Interest rates are based on a prime rate or SOFR plus a specified margin, with a facility fee also applicable. The agreement includes covenants requiring the company to maintain a consolidated net worth exceeding goodwill and intangible assets by at least $17.8 billion, along with other customary restrictive covenants and events of default. Borrowings are intended for general corporate purposes.