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HORACE MANN EDUCATORS CORP /DE/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement

August 4, 2014



Item 1.01: Entry into a Material Definitive Agreement

Effective July 30, 2014, the Bank Credit Agreement among Horace Mann Educators Corporation ("HMEC"), certain financial institutions named therein and JPMorgan Chase Bank, N.A., as administrative agent, was amended and restated to 1) extend the commitment termination date to July 30, 2019 from the previous termination date of October 6, 2015 and 2) decrease the interest rate spread relative to Eurodollar base rates. The financial covenants within the agreement were not changed. As of July 30, 2014, HMEC's outstanding balance under bank credit agreements remained $38.0 million; no change compared to the June 30, 2014 balance. This Amended and Restated Bank Credit Agreement will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2014.

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Source: Edgar Glimpses


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