Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 369

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 369
---
 2023, CNA amended and restated its existing credit agreement with a syndicate of banks. The agreement provides a five-year $250 million senior unsecured revolving credit facility which is intended to be used for general corporate purposes. At CNA’s election, the commitments under the amended and restated credit agreement may be increased from time to time up to an additional aggregate amount of $100 million, and two one-year extensions are available prior to any anniversary of the closing date, each subject to applicable consents. As of December 31, 2024, CNA had no outstanding borrowings under the credit agreement and was in compliance with all covenants.In 2024, CNA issued $500 million of 5.1% senior notes due February 15, 2034 and repaid at maturity the $550 million outstanding aggregate principal amount of its 4.0% senior notes.Boardwalk Pipelines has a revolving credit facility with available borrowing capacity of $1 billion through May 27, 2027 and a borrowing capacity of $912 million from May 28, 2027 to May 26, 2028. Interest rates are based on the term Secured Overnight Financing Rate (“SOFR”). As of December 31, 2024, Boardwalk Pipelines had no outstanding borrowings under its revolving credit facility. As of December 31, 2024, Boardwalk Pipelines was in compliance with its covenants under the credit agreement.In February of 2024, Boardwalk Pipelines completed a public offering of $600 million aggregate principal amount of its 5.6% senior notes due August 1, 2034. In December of 2024, Boardwalk Pipelines retired at maturity the $600 million outstanding aggregate principal amount of its 5.0% senior notes.Loews Hotels & Co, through its subsidiaries, has debt with various lenders which is generally secured by specific hotel properties. These loans include a range of financial and operational covenants. As of December 31, 2024, Loews Hotels & Co’s subsidiaries were in compliance with their debt covenants.

142

Note 13. Shareholders’ Equity

Accumulated other comprehensive income (loss)The tables below present the changes in AOCI by component for the years ended December 31, 2022, 2023 and 2024: Net Unrealized Gains (Losses) on Investments with an Allowance for Credit LossesNet Unrealized Gains (