CNA Financial restates $250 million five-year revolving facility

Chicago, Dec. 6 – CNA Financial Corp. amended and restated its $250 million five-year revolving credit facility on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

There is a $200 million accordion and two one-year extensions available prior to any anniversary.

The four-tier grid has interest at SOFR+10 basis points CSA plus 100 bps to 140 bps. The facility fee will be between 12.5 bps and 22.5 bps, all based on the consolidated capitalization ratio.

Wells Fargo Bank, NA is the administrative agent.

Wells Fargo Securities, LLC and JPMorgan Chase Bank, NA are the joint lead arrangers and joint bookrunners.

JPMorgan Chase Bank, NA is the syndication agent.

Associated Bank, NA, Bank of America, NA, Barclays, Citibank, NA, Northern Trust Co. and U.S. Bank NA are the co-documentation agents.

Proceeds will be used for general corporate purposes.

The borrower is a Chicago-based commercial property and casualty insurance company.

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