Progressive prices $1.0 billion of senior notes

Mayfield village, ohio, march 17, 2020 (globe newswire) -- the progressive corporation (nyse: pgr) today announced the pricing of $500 million aggregate principal amount of its 3.20% senior notes due 2030 (the “2030 notes”) and $500 million aggregate principal amount of its 3.95% senior notes due 2050 (the “2050 notes”) in an underwritten public offering.  the 2030 notes were priced at 100.000% of par, and the 2050 notes were priced at 99.148% of par. bofa securities, inc., credit suisse securities (usa) llc, goldman sachs & co. llc and j.p. morgan securities llc are acting as joint book-running managers for the offering.
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