Cincinnati Financial said that, as borrower, it gave The Bank of Nova Scotia, as issuing lender, notice of termination of the Letter of Credit Facility Agreement on September 12, 2024 and February 25, 2019.

1. 01

   Cincinnati Financial said that, as borrower, it gave The Bank of Nova Scotia, as issuing lender, notice of termination of the Letter of Credit Facility Agreement on September 12, 2024 and February 25, 2019.

2. 02

   The company said it requested the cancellation of any undrawn letters of credit issued under the agreement. Once all undrawn letters of credit are returned to the issuing lender, the agreement will effectively terminate according to its terms.

3. 03

   The company said it will not pay early termination or other penalties as a result of the termination.

4. 04

   Cincinnati Financial said the agreement was amended five times, from the First Amendment dated November 4, 2019 through the Fifth Amendment dated October 31, 2023. The termination notice applies to the agreement as amended.

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