---
title: "ProAssurance Repays and Terminates 2023 Credit Agreement With U.S. Bank as Merger Closes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290989771.md"
description: "ProAssurance terminated its Second Amended and Restated Credit Agreement with U.S. Bank on June 26, 2026, following the close of its merger with The Doctors Company. The company repaid all outstanding principal, interest, and fees, released related liens and guarantees, and secured the release of lender commitments. This early payoff winds down the 2023 facility as ProAssurance transitions to a new ownership structure."
datetime: "2026-06-26T16:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290989771.md)
  - [en](https://longbridge.com/en/news/290989771.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290989771.md)
generator: "portal-rs"
---

# ProAssurance Repays and Terminates 2023 Credit Agreement With U.S. Bank as Merger Closes

ProAssurance terminated its Second Amended and Restated Credit Agreement following the close of its merger with The Doctors Company on June 26, 2026. The company repaid all outstanding principal, interest and fees, terminated all lender commitments, and secured the release of related liens and guarantees. The action represents an early payoff and wind-down of the 2023 facility as ProAssurance transitions to a new ownership structure.

**Agreement details:**

-   **Agreement terminated**: Second Amended and Restated Credit Agreement (revolving credit facility)
-   **Counterparty**: U.S. Bank, as Administrative Agent, and other lenders
-   **Original agreement date**: Apr 28 2023
-   **Termination date**: Jun 26 2026
-   **Termination type**: Early
-   **Exit fees / payments**: None
-   **Reason**: Repayment and merger closing

Original SEC Filing: PROASSURANCE CORP \[ PRA \] - 8-K - Jun. 26, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**