Progressive prices $1.5 billion of senior notes

Mayfield village, ohio, march 02, 2022 (globe newswire) -- the progressive corporation (nyse: pgr) today announced the pricing of $500 million aggregate principal amount of its 2.50% senior notes due 2027 (the “2027 notes”), $500 million aggregate principal amount of its 3.00% senior notes due 2032 (the “2032 notes”), and $500 million aggregate principal amount of its 3.70% senior notes due 2052 (the “2052 notes”) in an underwritten public offering. the 2027 notes were priced at 99.962% of par, the 2032 notes were priced at 99.759% of par, and the 2052 notes were priced at 99.747% of par. credit suisse securities (usa) llc, goldman sachs & co. llc, j.p. morgan securities llc and siebert williams shank & co., llc are acting as joint bookrunners for the offering.
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