HORACE MANN EDUCATORS CORPORATION (NYSE:HMN) Files An 8-K Entry into a Material Definitive Agreement

HORACE MANN EDUCATORS CORPORATION (NYSE:HMN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01:Entry into a Material Definitive Agreement

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As of June 27, 2018, Horace Mann Educators Corporation (“HMEC”), as borrower, entered into a third amendment to its Amended and Restated Credit Agreement dated July 30, 2014, as amended (the “Credit Agreement”), with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the “Third Amendment”). The Third Amendment extends the commitment termination date to June 27, 2023 from the previous termination date of July 30, 2019. The interest rate spread relative to Eurodollar base rates was not changed. The financial covenants were not changed. As of June 27, 2018, HMEC’s outstanding balance under the Credit Agreement remained at $0.

The preceding summary of the Third Amendment is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03:Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth in Item 1.01 above is incorporated herein by reference.

Item 9.01:Financial Statements and Exhibits

(d) Exhibits

Number Exhibit

10.1 Third Amendment to Amended and Restated Credit Agreement, entered into as of June 27, 2018, among Horace Mann Educations Corporation, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto.


HORACE MANN EDUCATORS CORP /DE/ Exhibit
EX-10.1 2 exhibit101forjune2820188-k.htm EXHIBIT 10.1 Exhibit Exhibit 10.1Execution VersionTHIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT,…
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About HORACE MANN EDUCATORS CORPORATION (NYSE:HMN)

Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States. The Company’s operating segments include Property and Casualty, Annuity, Life, and corporate and other. The Property and Casualty Segment offers private passenger automobile insurance. The Annuity Segment markets both fixed and variable annuity contracts, primarily on a tax-qualified basis. The Life Segment offers traditional term and whole life insurance products. The Company also markets its products primarily to K-12 teachers, administrators and other employees of public schools and their families. It markets and services its products through a sales force of full-time agents supported by the Company’s Customer Contact Center.

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