Stewart secures new $300 million credit facility with expansion option

Published 08/10/2025, 11:06
Stewart secures new $300 million credit facility with expansion option

HOUSTON - Stewart Information Services Corporation (NYSE:STC), a $1.91 billion market cap company with strong financial metrics according to InvestingPro, has entered into a new $300 million revolving credit facility with a five-year maturity extending to October 2030, according to a company press release issued Wednesday.

The new agreement, finalized on October 7, 2025, increases the company’s revolving credit by $100 million compared to its previous facility established in October 2021. The former credit agreement was terminated in connection with the new arrangement.

The credit facility includes an incremental option allowing Stewart to increase the revolving commitments by up to an additional $125 million.

"This credit facility offers us additional backing to build on our momentum and grow the company," said Stewart Chief Executive Officer Fred Eppinger in the statement.

Stewart Information Services Corporation provides real estate services including residential and commercial title insurance, closing and settlement services, as well as specialized offerings for the mortgage and real estate industries.

The new credit agreement comes as part of what the company describes as its journey to become "the premier title services company" with defined long-term strategic priorities.

The transaction was announced one day after the credit facility was secured. The company did not disclose specific terms of the agreement beyond the facility size and maturity date.

In other recent news, Stewart Information Services Corp reported impressive second-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.34, which was higher than the forecasted $1.23. Additionally, Stewart Information Services reported revenue of $722 million, exceeding the predicted $671.9 million. These results indicate a strong performance for the company in the recent quarter. Analysts had anticipated lower figures, making these results notable for investors. The earnings announcement reflects positively on the company’s financial health and may influence future investor decisions. As these developments unfold, they highlight the company’s ability to exceed market expectations.

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