Form 8-K · Current report
Principal Financial Group 8-K, filed Sep 10, 2026
- Filed
- CIK
- 0001126328
- Accession no.
- 0001104659-26-106416
Summary
Principal Financial Group and its subsidiaries Principal Financial Services and Principal Life Insurance entered into an amended and restated five-year credit facility with a syndicate of banks led by Wells Fargo Bank as administrative agent, refinancing the company's existing revolving credit facility from October 18, 2022. The facility allows borrowing of up to $900 million, with a commitment termination date of September 9, 2031 and the option to increase the maximum amount to $1.3 billion, and carries financial covenants including a minimum statutory surplus of $2,885,208,297 and a total debt to total capital ratio not exceeding 35%.
Key points
- No borrowings are currently outstanding under the credit facility.
- The facility replaced the existing revolving credit facility dated October 18, 2022 and removed the credit spread adjustment previously applicable to Term SOFR borrowings.
- Borrowings are unsecured and guaranteed by Principal Financial Group and Principal Financial Services, and may be used for liquidity needs and general corporate purposes.
- The commitment termination date is September 9, 2031, subject to up to two one-year extensions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement On September 9, 2026, Principal Financial Group, Inc. (the “Company”), Principal Financial Services, Inc., a wholly-owned subsidiary of the Company (“PFSI”), and Principal Life Insurance Company, a wholly-owned subsidiary of the Company (the “Borrower”, and together with the Company and PFSI, the “Loan Parties”), entered into an Amended and Restated Five-Year Credit Facility (the “Credit Facility”) with a syndicate of banks, including Wells Fargo Bank, N.A., as administrative agent and the other lenders named therein (the “Lenders”). …
An excerpt of the text as filed with the SEC, cut for length.
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