Stewart Information Services Corp Secures $300 Million Credit Facility

By Bobby Samwell • Wednesday, October 08 15:29 • Permanent Link

Stewart Information Services Corporation (NYSE: STC) has announced the entry into a new credit facility, comprising a $300 million revolving credit facility with a five-year maturity, extending to October 2030. This facility provides an additional $100 million in revolving credit compared to the previous facility, which was in place since October 2021. The previous Credit Agreement was terminated on October 7, 2025, in connection with the new Credit Agreement. Additionally, the new Credit Agreement includes an incremental facility option that allows Stewart to increase the revolving commitments by an aggregate amount not to exceed $125 million.

Stewart's CEO, Fred Eppinger, expressed gratitude to the bank syndicate for their support in delivering this credit facility, stating, "We are on a journey to become the premier title services company and have charted out long-term strategic priorities to help us reach this destination. This credit facility offers us additional backing to build on our momentum and grow the company."

Stewart (NYSE-STC) is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers™, and family of companies. The company's dedication to becoming the premier title services company is underpinned by its commitment to partnering with customers to create mutual success.

Following these announcements, the company's shares moved -2.42%, and are now trading at a price of $68.05. For more information, read the company's full 8-K submission here.

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