Principal Financial Replaces Credit Facility With New $900 Million Revolver

Principal Financial Group, Principal Financial Services and Principal Life Insurance entered a five-year amended and restated unsecured credit facility with Wells Fargo Bank as administrative agent and a syndicate of lenders, refinancing the company’s existing facility. The facility supports liquidity and general corporate purposes, provides up to $900 million of borrowing capacity that could be increased to $1.3 billion, and extends the commitment termination date to September 9, 2031; no borrowings are currently outstanding.