United Fire Group, Inc. announces senior notes offering

CEDAR RAPIDS, Iowa, July 10, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (NASDAQ:UFCS), a property and casualty insurance holding company, today announced that it has successfully completed a placement of $30 million aggregate principal senior unsecured 9.0% Series B notes due May 31, 2039, (the "notes") in a private offering (the "offering") with Ares Alternative Credit funds. Proceeds from the offering will be used to support anticipated growth and for general corporate purposes.

Stonybrook Capital, LLC served as the company's exclusive financial advisor in connection with the offering.  

The notes were offered and sold in a transaction exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and in the United States only to persons reasonably believed to be "qualified institutional buyers" in reliance on the exemption from registration under the Securities Act provided by Rule 144A and outside the United States to certain non U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, ...