The Travelers Companies Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 Other Events.
On May 15, 2026, The Travelers Companies, Inc. (the “Company”) entered into a $1.2 billion Five-Year Revolving Credit Agreement (the “Credit Agreement”) with a syndicate of financial institutions, including Citibank, N.A., as administrative agent; Citibank, N.A., BofA Securities, Inc., and JPMorgan Chase Bank, N.A. as joint lead arrangers and joint bookrunners; and Bank of America, N.A. and JP Morgan Chase Bank, N.A., as co-syndication agents. The Credit Agreement replaced the Company’s previous $1.0 Billion Five-Year Revolving Credit Agreement, which was terminated on May 15, 2026.
The Credit Agreement provides for up to $1.2 billion of credit. The interest rates applicable to loans under the Credit Agreement are generally based on a base rate plus a specified margin or a term rate based on SOFR plus a specified margin. In addition, the Company will pay a facility fee on each lender’s commitment irrespective of usage. The applicable margin and the amount of the facility fee vary based upon the Company’s long-term senior unsecured non-credit-enhanced debt ratings.
Pursuant to covenants in the Credit Agreement, the Company must maintain an excess of consolidated net worth (as defined in the Credit Agreement) over goodwill and other intangible assets of not less than $17.8 billion. In addition, the Credit Agreement contains other customary restrictive covenants as well as certain customary events of default, including with respect to a change in control. Unless terminated earlier by the Company, the Credit Agreement is scheduled to expire on May 15, 2031, subject to extension with lender consent according to the terms of the Credit Agreement. Borrowings under the Credit Agreement may be used for general corporate purposes of the Company and its subsidiaries.
Pursuant to the terms of the Credit Agreement, the Company has an option to request an increase of the credit available under the facility up to a maximum facility amount of $1.8 billion, subject to the consent of lenders and the satisfaction of certain conditions.
The foregoing description is qualified by reference to the Credit Agreement, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Certain of the lenders under the Credit Agreement, or their affiliates, have provided, and may in the future from time to time provide, certain commercial and investment banking, financial advisory and other services for the Company and its subsidiaries, for which they have in the past and may in the future receive customary fees and commissions.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Revolving Credit Agreement, dated May 15, 2026, between the Company and a syndicate of financial institutions. | |
| 101.1 | Pursuant to Rule 406 of Regulation S-T, the cover page to this Current Report on Form 8-K is formatted in Inline XBRL. | |
| 104.1 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit 101.1.) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, The Travelers Companies, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 21, 2026 | THE TRAVELERS COMPANIES, INC. | |
| By: | /s/ Christine K. Kalla | |
|
Name: Christine K. Kalla Title: Executive Vice President and General Counsel | ||
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