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Old Republic Issues $700 Million Senior Notes Offering

Story Highlights
  • Old Republic priced a $700 million 5.700% Senior Notes due 2036, expanding its long-term funding base.
  • The new notes feature standard default protections and call provisions, giving Old Republic refinancing flexibility and investors defined terms.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Old Republic Issues $700 Million Senior Notes Offering

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The latest update is out from Old Republic International ( (ORI) ).

On May 13, 2026, Old Republic International priced a registered underwritten public offering of $700 million in 5.700% Senior Notes due 2036, issued under its long-standing indenture framework with Wilmington Trust Company as trustee. The notes, registered with the SEC and supported by a new supplemental indenture dated May 18, 2026, carry semi-annual interest payments beginning December 1, 2026, and mature on June 1, 2036, providing the company with long-dated funding.

The issuance includes standard event-of-default provisions and automatic acceleration in cases of bankruptcy or insolvency, aligning the securities with typical investment-grade corporate debt structures. The notes are callable at a make-whole premium before March 1, 2036 and at par thereafter, giving Old Republic flexibility to refinance or retire the debt early while offering investors defined redemption economics over the life of the issue.

The most recent analyst rating on (ORI) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Old Republic International stock, see the ORI Stock Forecast page.

Spark’s Take on ORI Stock

According to Spark, TipRanks’ AI Analyst, ORI is a Outperform.

The score reflects strong valuation (low P/E and high dividend yield) and solid underlying financial performance (profitability, conservative leverage, and good cash conversion). These positives are tempered by weak technical momentum and a mixed earnings-call picture featuring near-term underwriting/expense headwinds despite supportive capital returns and longer-term strategic investments.

To see Spark’s full report on ORI stock, click here.

More about Old Republic International

Old Republic International is a U.S.-based insurance holding company that operates across general insurance and title insurance markets, providing a range of risk management, specialty insurance, and related financial services to commercial and individual clients. The company focuses on long-term underwriting profitability and stable capital structure to support its policyholder and investor obligations.

Average Trading Volume: 1,723,349

Technical Sentiment Signal: Buy

Current Market Cap: $9.55B

See more data about ORI stock on TipRanks’ Stock Analysis page.

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