Kinsale Capital Group, Inc. announced that it has entered into a note purchase agreement for a private placement of senior unsecured notes for gross proceeds of $125,000,000 on July 22, 2022. The transaction will include participation from lenders The Prudential Insurance Company of America for gross proceeds of $116,000,000, Aargauische Pensionskasse for gross proceeds of $5,000,000 and Ell & Co. for gross proceeds of $4,000,000.

The company will issue 5.15% series A senior notes due July 22, 2034 in the transaction. The notes bear interest from the date of issuance at the annual rate of 5.15%, with interest payable quarterly on January 22, April 22, July 22 and October 22 in each year. The company will repay a portion of the principal amount of $25,000,000 on July 22 of each year.

The company may issue additional notes up to $150,000,000 as per the provisions of the agreement.