The Hanover Announces Pricing of $500 Million Senior Notes Offering

WORCESTER, Mass., Aug. 19, 2025 /PRNewswire/ — The Hanover Insurance Group, Inc. (NYSE: THG) is tapping the debt market, announcing the pricing of a $500 million offering of senior, unsecured notes. The insurer plans to use the capital infusion to strategically manage its existing debt profile, a move analysts see as a savvy play in the current interest rate environment.

The 5.50% notes, set to mature on September 1, 2035, are expected to close on or around August 21, 2025, subject to standard closing procedures. According to the company, the net proceeds will primarily be used to retire higher-yielding debt, including the 7.625% Senior Notes due October 2025 and the 4.500% Senior Notes due April 2026. The remainder will be allocated for general corporate purposes.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are orchestrating the deal as joint book-running managers, indicating the high level of interest in Hanover’s credit story. The move underscores the insurer’s proactive approach to balance sheet management, potentially freeing up capital for future growth initiatives or shareholder returns.

The offering is being made under an existing shelf registration filed with the SEC on August 18, 2025. Details of the prospectus and related supplements are available on the SEC website.

About The Hanover

The Hanover Insurance Group, Inc. is a major player in the U.S. property and casualty insurance market. Operating through a network of independent agents and brokers, the company provides a range of insurance products for small and mid-sized businesses, as well as personal lines coverage.

Forward-Looking Statements

This announcement contains forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially from these projections. Investors should consult The Hanover’s filings with the SEC for a comprehensive discussion of these risks.

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SOURCE The Hanover Insurance Group, Inc.