Progressive Prices $500 Million of Senior Notes

Progressive Prices $500 Million of Senior Notes

MAYFIELD VILLAGE, OHIO, May 22, 2023 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE: PGR) today announced the pricing of $500 million aggregate principal amount of its 4.95% Senior Notes due 2033 (the “notes”) in an underwritten public offering.  The notes were priced at 99.941% of par. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunners for the offering.

The offering is being made pursuant to an effective registration statement on Form S-3, which was filed with the Securities and Exchange Commission on September 20, 2021.  The offering of these notes is being made only by means of a prospectus supplement and the accompanying prospectus.  Copies of the prospectus supplement and the accompanying prospectus for the offering may be obtained from Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, Attn: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone: 1-866-803-9204.

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 or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the registration statement, the prospectus contained therein or the prospectus supplement.

The Progressive Corporation is a Cleveland-based insurance holding company.  Its insurance subsidiaries offer personal auto, commercial auto, property and specialty property-casualty insurance and related services throughout the United States.  Progressive’s common shares are listed on the New York Stock Exchange.

Company Contact:
Douglas S. Constantine
(440) 395-3707

The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.