Company: AIZ
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001267238-25-000026
Chunk: 25

Company: ASSURANT, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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 31, 2025December 31, 2024Principal AmountCarrying ValuePrincipal AmountCarrying Value6.10% Senior Notes due February 2026$175.0 $174.4 $175.0 $174.3 4.90% Senior Notes due March 2028300.0 298.7 300.0 298.6 3.70% Senior Notes due February 2030350.0 348.3 350.0 348.2 2.65% Senior Notes due January 2032350.0 347.4 350.0 347.3 6.75% Senior Notes due February 2034275.0 272.9 275.0 272.8 7.00% Fixed-to-Floating Rate Subordinated Notes due March 2048 400.0 397.8 400.0 397.7 5.25% Subordinated Notes due January 2061250.0 244.2 250.0 244.2 Total Debt$2,083.7 $2,083.1 

In the next five years, we have two debt maturities in February 2026 and March 2028 when the 2026 Senior Notes and the 2028 Senior Notes, respectively, become due and payable. 

Credit Facility and Commercial Paper Program

We have a $500.0 million five-year senior unsecured revolving credit facility (the “Credit Facility”) with a syndicate of banks arranged by JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association. The Credit Facility provides for revolving loans and the issuance of multi-bank, syndicated letters of credit and letters of credit from a sole issuing bank in an aggregate amount of $500.0 million, which may be increased up to $700.0 million. The Credit Facility is available until 

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December 2026, provided we are in compliance with all covenants. The Credit Facility has a sublimit for letters of credit issued thereunder of $50.0 million. The proceeds from these loans may be used for our commercial paper program or for general corporate purposes.

We made no borrowings under the Credit Facility during First Quarter 2025 and no loans were outstanding as of March 31, 2025.

Our commercial paper program requires us to maintain liquidity facilities either in an available amount equal to any outstanding notes from the program or