United Fire Group announces completion of debt offering

Core Viewpoint - United Fire Group, Inc has successfully completed a $70 million placement of senior unsecured notes to support growth and general corporate purposes [1][2] Group 1: Financial Details - The notes have a principal amount of $70 million and an interest rate of 9.0%, maturing on May 31, 2039 [1] - Proceeds from the offering will be utilized for anticipated growth and general corporate purposes [1] Group 2: Investor Relations - Ares Management Credit funds acted as the lead investor in the private offering [1] - Stonybrook Capital, LLC served as the exclusive financial advisor for the offering [2] Group 3: Company Background - United Fire Group, Inc is a property and casualty insurance holding company, founded in 1946 [6] - The company operates through its subsidiaries, which are licensed in all 50 states and the District of Columbia [7] - A.M. Best Company assigns a rating of "A-" (Excellent) to members of the United Fire & Casualty Group [7]