Selective Insurance Group Inc. has entered into a new Credit Agreement as of June 30, 2025, involving several lenders and Wells Fargo Bank, National Association as the administrative agent. This new agreement provides Selective with a $100 million revolving credit facility, which can be expanded to $200 million with the consent of the lenders. The credit facility, which matures on June 30, 2028, offers interest rates indexed to either a base rate or the term Secured Overnight Financing Rate $(SOFR)$ plus a specified margin based on Selective's debt rating. This new agreement replaces a prior credit agreement from November 2022, which offered a $50 million facility expandable to $125 million. The termination of the prior agreement incurred no penalties for Selective.
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