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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): November&nbsp;12, 2013 </B></P>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>THE HANOVER INSURANCE GROUP, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>1-13754</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>04-3263626</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>440 Lincoln Street, Worcester, Massachusetts 01653 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: <U>(508)&nbsp;855-1000</U> </B></P>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;1.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Entry into a Material Definitive Agreement </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>A.</I></TD>
<TD ALIGN="left" VALIGN="top"><I>The Hanover Insurance Group, Inc. Revolving Credit Facility </I></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;12, 2013, The Hanover
Insurance Group, Inc. (the &#147;Company&#148;), as Borrower, entered into a Credit Agreement (the &#147;Credit Agreement&#148;) with JPMorgan Chase Bank, N.A., as administrative agent, Lloyds Bank PLC and Wells Fargo Bank, National Association, as
co-syndication agents, and various other lender parties. The Credit Agreement provides for a five-year unsecured revolving credit facility for the Company not to exceed $200,000,000 at any one time outstanding, with the option to increase the
facility up to $300,000,000, in increments of $10,000,000 (assuming no default and satisfaction of other specified conditions, including the receipt of additional lender commitments). The Credit Agreement also includes a subfacility of $50,000,000
for standby letters of credit. The Company may use the line of credit for general corporate purposes for itself and its subsidiaries. This Credit Agreement replaces the credit agreement dated August&nbsp;2, 2011, among the Company, Wells Fargo Bank,
National Association, as administrative agent, and various other lender parties, which credit agreement the Company voluntarily terminated effective November&nbsp;12, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">When a borrowing under the new credit facility is an ABR Loan, interest on such a loan is payable quarterly, at a rate per annum equal to the Alternative Base
Rate (the highest of (a)&nbsp;the prime commercial lending rate of the administrative agent; (b)&nbsp;the Federal Funds Rate plus <SUP STYLE="vertical-align:top">&nbsp;1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB> of 1%; and (c)&nbsp;the
Adjusted LIBO Rate for a one-month interest period plus 1%), plus the applicable margin, which ranges from 0.25% to 0.625%, depending on the Company&#146;s debt rating. When a borrowing under the facility is a Eurodollar Loan, interest on such loan
is payable in one, two or three-month intervals, at a rate per annum equal to the applicable Adjusted LIBO Rate for the applicable interest period plus the applicable margin, which ranges from 1.25% to 1.625%, depending on the Company&#146;s debt
rating. Fees on outstanding letters of credit are payable quarterly, and range from 1.25% to 1.625%, depending on the Company&#146;s debt rating, of the average daily aggregate stated amount of such letters of credit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Credit Agreement contains financial covenants substantially similar to those in its prior credit agreement that require the Company and its subsidiaries
to maintain a specified minimum net worth, restrict the Company and its subsidiaries from exceeding a specified leverage ratio and require certain of the Company&#146;s subsidiaries to maintain a minimum Risk-Based Capital ratio. In addition, the
Credit Agreement contains covenants that limit the Company&#146;s and its subsidiaries&#146; ability, among other things, to incur or assume certain debt, grant liens on its property, merge or consolidate, dispose of assets, materially change the
nature or conduct of its business and make restricted payments (except, in each case, as provided by certain exceptions). The Credit Agreement also contains certain customary representations and warranties, affirmative covenants and events of
default, including payment defaults, breach of representations and warranties, covenant defaults, cross defaults to certain indebtedness, certain events of bankruptcy, certain events under ERISA, material judgments, and change of control. If such an
event of default occurs, the lenders under the Credit Agreement would be entitled to take various actions, including the acceleration of amounts due under the Credit Agreement. The credit facility expires on November&nbsp;12, 2018, with an option,
subject to approval of the lender parties, to extend for an additional year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The above summary of the Credit Agreement does not purport to be complete
and is qualified in its entirety by reference to the full text of the Credit Agreement. A copy of the Credit Agreement is included as Exhibit 10.1 to this Current Report on Form 8-K. As of November&nbsp;15, 2013, there were no advances against this
line of credit. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>B.</I></TD>
<TD ALIGN="left" VALIGN="top"><I>Chaucer Holdings plc Standby Letter of Credit Facility and Guaranty </I></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chaucer Holdings plc
(&#147;Chaucer&#148;), a wholly-owned, indirect subsidiary of The Hanover Insurance Group, Inc. (the &#147;Company&#148;), has amended and restated its existing Standby Letter of Credit Facility, currently used to provide Funds at Lloyd&#146;s for
the 2013 year of account and prior open years of account, with an Amended and Restated Standby Letter of Credit Facility for the 2014 and 2015 years of account and each open prior year of account (the &#147;Amended Facility&#148;). The following is
a description of the Amended Facility and related Company Guaranty. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Amended Facility Agreement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;15, 2013, Chaucer, as account party, and The Hanover Insurance International Holdings Limited (formerly known as 440 Tessera Limited, a
wholly-owned subsidiary of the Company and the parent of Chaucer) and </P>

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certain subsidiaries of Chaucer, as guarantors, entered into an Amendment and Restatement Agreement for an Amended and Restated Standby Letter of Credit Facility Agreement (the &#147;Amended
Facility Agreement&#148;) with the lenders party thereto from time to time, Lloyds Bank plc, Barclays Bank PLC and The Royal Bank of Scotland plc as mandated lead arrangers and Lloyds Bank plc as bookrunner, overdraft provider, facility agent of the
other Finance Parties (as defined therein) and security agent to the Secured Parties (as defined therein). The Amended Facility Agreement amends and restates the $180,000,000 Standby Letter of Credit Facility entered into by Chaucer on
November&nbsp;28, 2011, previously filed as Exhibit 10.1 to the Company&#146;s Current Report on Form 8-K filed with the Securities and Exchange Commission on December&nbsp;1, 2011. The Amended Facility Agreement will become effective upon receipt
of approval from the Society of Lloyd&#146;s, which approval is expected to be received no later than November&nbsp;27, 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Amended Facility
Agreement provides for a U.K. Sterling denominated letter of credit facility for Chaucer, not to exceed &pound;130,000,000 outstanding at any one time, with the option to increase the amount available for issuances of letters of credit to
&pound;195,000,000 in the aggregate on one occasion only during the term of the Amended Facility Agreement (subject to the consent of all Lenders thereunder and assuming no default and satisfaction of other specified conditions). Chaucer intends to
use the letters of credit as &#147;Funds at Lloyd&#146;s&#148; to provide regulatory capital supporting Chaucer&#146;s underwriting through its managed Lloyd&#146;s syndicates for the 2014 and 2015 years of account and each prior open year of
account. A letter of credit commission fee on outstanding letters of credit is payable quarterly, and ranges from 1.375% to 1.75%&nbsp;per annum, depending on the Company&#146;s credit ratings, for letters of credit that are not cash collateralized.
The letter of credit commission fee on any portion of any letter of credit that is cash collateralized is 0.275%&nbsp;per annum. A commitment fee in respect of the unutilized commitments under the Amended Facility Agreement is payable quarterly, and
ranges from 0.55% to 0.70%&nbsp;per annum, depending on the Company&#146;s credit ratings. Chaucer is also required to pay customary agency fees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Amended Facility Agreement contains covenants that limit the ability of Chaucer and its subsidiaries and guarantors thereunder, among other things, to incur or assume certain debt, merge or reconstruct, dispose of assets and materially change the
nature or conduct of its business or investment strategy (except, in each case, as provided by certain exceptions). The Amended Facility Agreement also contains certain customary representations and warranties, affirmative covenants and events of
default, including payment defaults, breach of representations and warranties, covenant defaults, cross defaults to certain indebtedness, certain events of insolvency, certain events under ERISA, noncompliance with certain final judgments, change of
control and material adverse effect. If such an event of default occurs, the lenders under the Amended Facility Agreement would be entitled to take various actions, including the acceleration of amounts due under the Amended Facility Agreement,
requiring Chaucer to cash collateralize outstanding letters of credit and cancelling the Amended Facility Agreement. Letters of credit are available for issuance under the Amended Facility Agreement until December&nbsp;31, 2014. No letters of credit
issued under the Amended Facility Agreement may expire after December&nbsp;31, 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of November&nbsp;15, 2013, there was a $180,000,000 letter of
credit outstanding under the current facility issued to the Society of Lloyd&#146;s. Upon the effective date of the Amended Facility Agreement, which is expected to be no later than November&nbsp;27, 2013, the existing $180,000,000 letter of credit
will be amended to be a &pound;130,000,000 letter of credit outstanding. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Guaranty Agreement </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also on November&nbsp;15, 2013, the Company entered into a Guaranty Agreement (the &#147;Guaranty Agreement&#148;) with Lloyds Bank plc, as Facility Agent and
Security Agent (each as defined therein), pursuant to which the Company unconditionally guarantees the obligations of Chaucer under the Amended Facility Agreement. The Guaranty Agreement contains certain financial covenants that require the Company
to maintain a minimum net worth, a minimum risk-based capital ratio at the Company&#146;s principal U.S. operating insurance companies and a maximum leverage ratio, and certain negative covenants that limit the Company&#146;s and its
subsidiaries&#146; ability, among other things, to incur or assume certain debt, grant liens on its property, merge or consolidate, dispose of assets, materially change the nature or conduct of its business and make restricted payments (except, in
each case, as provided by certain exceptions). The Guaranty Agreement also contains certain customary representations and warranties. The Guaranty Agreement contains terms and conditions substantially similar to the existing guaranty agreement the
Company has in place with Lloyds Bank plc in connection with Chaucer&#146;s current facility, and the Guaranty Agreement will replace the existing guaranty agreement upon the effectiveness of the Amended Facility Agreement, which is expected to
occur no later than November&nbsp;27, 2013. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The above summaries of the Amended Facility Agreement and the Guaranty Agreement do not purport to be complete
and are qualified in their entirety by reference to the full text of the Amended Facility Agreement and the Guaranty Agreement. Copies of the Amended Facility Agreement and the Guaranty Agreement are included as Exhibits 10.2 and 10.3, respectively,
to this Current Report on Form 8-K. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;1.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Termination of a Material Definitive Agreement </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information provided in Item&nbsp;1.01 of this
Current Report on Form 8-K is hereby incorporated by reference into this Item&nbsp;1.02. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Concurrent with the Company&#146;s entry into the Credit
Agreement, the Company voluntarily terminated its existing four-year $200,000,000 credit agreement, previously filed as Exhibit 10.1 to the Company&#146;s Current Report on Form 8-K filed with the Securities and Exchange Commission on August&nbsp;3,
2011, entered into by the Company, Wells Fargo Bank, National Association, as administrative agent, and various other lender parties. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Concurrent with the
effectiveness of the Amended Facility Agreement, the Company&#146;s existing guaranty agreement, dated November&nbsp;28, 2011, between the Company and Lloyds Bank plc, previously filed as Exhibit 10.2 to the Company&#146;s Current Report on Form 8-K
filed with the Securities and Exchange Commission on December&nbsp;1, 2011, will terminate. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;2.03&nbsp;Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information provided in Item&nbsp;1.01 of this Current Report
on Form 8-K is hereby incorporated by reference into this Item&nbsp;2.03. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Not applicable. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Not applicable. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Not applicable. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following exhibits are furnished herewith. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;10.1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Credit Agreement, dated November&nbsp;12, 2013, among The Hanover Insurance Group, Inc., as Borrower, JPMorgan Chase Bank, N.A., as administrative agent, and various other lender parties.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;10.2</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Amendment and Restatement Agreement with Amended and Restated Standby Letter of Credit Facility Agreement, dated November 15, 2013, among Chaucer Holdings plc and the lenders party thereto from time to time, Lloyds Bank plc,
Barclays Bank PLC and The Royal Bank of Scotland plc as mandated lead arrangers and Lloyds Bank plc as bookrunner, overdraft provider, facility agent of the other Finance Parties (as defined therein) and security agent to the Secured Parties (as
defined therein).</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;10.3</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Guaranty Agreement, dated November 15, 2013, among The Hanover Insurance Group, Inc. and Lloyds Bank plc, as Facility Agent and Security Agent (each as defined therein).</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><U>The Hanover Insurance Group, Inc.</U></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3">(Registrant)</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: November 18, 2013</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ J. Kendall Huber</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">J. Kendall Huber</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Executive Vice President, General Counsel and Asst. Secretary</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;10.1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Credit Agreement, dated November&nbsp;12, 2013, among The Hanover Insurance Group, Inc., as Borrower, JPMorgan Chase Bank, N.A., as administrative agent, and various other lender parties.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;10.2</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Amendment and Restatement Agreement with Amended and Restated Standby Letter of Credit Facility Agreement, dated November 15, 2013, among Chaucer Holdings plc and the lenders party thereto from time to time, Lloyds Bank plc,
Barclays Bank PLC and The Royal Bank of Scotland plc as mandated lead arrangers and Lloyds Bank plc as bookrunner, overdraft provider, facility agent of the other Finance Parties (as defined therein) and security agent to the Secured Parties (as
defined therein).</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;10.3</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Guaranty Agreement, dated November 15, 2013, among The Hanover Insurance Group, Inc. and Lloyds Bank plc, as Facility Agent and Security Agent (each as defined therein).</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

</BODY></HTML>
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8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 12, 2013
THE HANOVER INSURANCE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
1-13754
04-3263626
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
440 Lincoln Street, Worcester, Massachusetts 01653
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(508) 855-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
A.
The Hanover Insurance Group, Inc. Revolving Credit Facility
On November 12, 2013, The Hanover
Insurance Group, Inc. (the "Company"), as Borrower, entered into a Credit Agreement (the "Credit Agreement") with JPMorgan Chase Bank, N.A., as administrative agent, Lloyds Bank PLC and Wells Fargo Bank, National Association, as
co-syndication agents, and various other lender parties. The Credit Agreement provides for a five-year unsecured revolving credit facility for the Company not to exceed $200,000,000 at any one time outstanding, with the option to increase the
facility up to $300,000,000, in increments of $10,000,000 (assuming no default and satisfaction of other specified conditions, including the receipt of additional lender commitments). The Credit Agreement also includes a subfacility of $50,000,000
for standby letters of credit. The Company may use the line of credit for general corporate purposes for itself and its subsidiaries. This Credit Agreement replaces the credit agreement dated August 2, 2011, among the Company, Wells Fargo Bank,
National Association, as administrative agent, and various other lender parties, which credit agreement the Company voluntarily terminated effective November 12, 2013.
When a borrowing under the new credit facility is an ABR Loan, interest on such a loan is payable quarterly, at a rate per annum equal to the Alternative Base
Rate (the highest of (a) the prime commercial lending rate of the administrative agent; (b) the Federal Funds Rate plus
1
⁄
2
of 1%; and (c) the
Adjusted LIBO Rate for a one-month interest period plus 1%), plus the applicable margin, which ranges from 0.25% to 0.625%, depending on the Company's debt rating. When a borrowing under the facility is a Eurodollar Loan, interest on such loan
is payable in one, two or three-month intervals, at a rate per annum equal to the applicable Adjusted LIBO Rate for the applicable interest period plus the applicable margin, which ranges from 1.25% to 1.625%, depending on the Company's debt
rating. Fees on outstanding letters of credit are payable quarterly, and range from 1.25% to 1.625%, depending on the Company's debt rating, of the average daily aggregate stated amount of such letters of credit.
The Credit Agreement contains financial covenants substantially similar to those in its prior credit agreement that require the Company and its subsidiaries
to maintain a specified minimum net worth, restrict the Company and its subsidiaries from exceeding a specified leverage ratio and require certain of the Company's subsidiaries to maintain a minimum Risk-Based Capital ratio. In addition, the
Credit Agreement contains covenants that limit the Company's and its subsidiaries' ability, among other things, to incur or assume certain debt, grant liens on its property, merge or consolidate, dispose of assets, materially change the
nature or conduct of its business and make restricted payments (except, in each case, as provided by certain exceptions). The Credit Agreement also contains certain customary representations and warranties, affirmative covenants and events of
default, including payment defaults, breach of representations and warranties, covenant defaults, cross defaults to certain indebtedness, certain events of bankruptcy, certain events under ERISA, material judgments, and change of control. If such an
event of default occurs, the lenders under the Credit Agreement would be entitled to take various actions, including the acceleration of amounts due under the Credit Agreement. The credit facility expires on November 12, 2018, with an option,
subject to approval of the lender parties, to extend for an additional year.
The above summary of the Credit Agreement does not purport to be complete
and is qualified in its entirety by reference to the full text of the Credit Agreement. A copy of the Credit Agreement is included as Exhibit 10.1 to this Current Report on Form 8-K. As of November 15, 2013, there were no advances against this
line of credit.
B.
Chaucer Holdings plc Standby Letter of Credit Facility and Guaranty
Chaucer Holdings plc
("Chaucer"), a wholly-owned, indirect subsidiary of The Hanover Insurance Group, Inc. (the "Company"), has amended and restated its existing Standby Letter of Credit Facility, currently used to provide Funds at Lloyd's for
the 2013 year of account and prior open years of account, with an Amended and Restated Standby Letter of Credit Facility for the 2014 and 2015 years of account and each open prior year of account (the "Amended Facility"). The following is
a description of the Amended Facility and related Company Guaranty.
Amended Facility Agreement
On November 15, 2013, Chaucer, as account party, and The Hanover Insurance International Holdings Limited (formerly known as 440 Tessera Limited, a
wholly-owned subsidiary of the Company and the parent of Chaucer) and
certain subsidiaries of Chaucer, as guarantors, entered into an Amendment and Restatement Agreement for an Amended and Restated Standby Letter of Credit Facility Agreement (the "Amended
Facility Agreement") with the lenders party thereto from time to time, Lloyds Bank plc, Barclays Bank PLC and The Royal Bank of Scotland plc as mandated lead arrangers and Lloyds Bank plc as bookrunner, overdraft provider, facility agent of the
other Finance Parties (as defined therein) and security agent to the Secured Parties (as defined therein). The Amended Facility Agreement amends and restates the $180,000,000 Standby Letter of Credit Facility entered into by Chaucer on
November 28, 2011, previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 1, 2011. The Amended Facility Agreement will become effective upon receipt
of approval from the Society of Lloyd's, which approval is expected to be received no later than November 27, 2013.
The Amended Facility
Agreement provides for a U.K. Sterling denominated letter of credit facility for Chaucer, not to exceed £130,000,000 outstanding at any one time, with the option to increase the amount available for issuances of letters of credit to
£195,000,000 in the aggregate on one occasion only during the term of the Amended Facility Agreement (subject to the consent of all Lenders thereunder and assuming no default and satisfaction of other specified conditions). Chaucer intends to
use the letters of credit as "Funds at Lloyd's" to provide regulatory capital supporting Chaucer's underwriting through its managed Lloyd's syndicates for the 2014 and 2015 years of account and each prior open year of
account. A letter of credit commission fee on outstanding letters of credit is payable quarterly, and ranges from 1.375% to 1.75% per annum, depending on the Company's credit ratings, for letters of credit that are not cash collateralized.
The letter of credit commission fee on any portion of any letter of credit that is cash collateralized is 0.275% per annum. A commitment fee in respect of the unutilized commitments under the Amended Facility Agreement is payable quarterly, and
ranges from 0.55% to 0.70% per annum, depending on the Company's credit ratings. Chaucer is also required to pay customary agency fees.
The
Amended Facility Agreement contains covenants that limit the ability of Chaucer and its subsidiaries and guarantors thereunder, among other things, to incur or assume certain debt, merge or reconstruct, dispose of assets and materially change the
nature or conduct of its business or investment strategy (except, in each case, as provided by certain exceptions). The Amended Facility Agreement also contains certain customary representations and warranties, affirmative covenants and events of
default, including payment defaults, breach of representations and warranties, covenant defaults, cross defaults to certain indebtedness, certain events of insolvency, certain events under ERISA, noncompliance with certain final judgments, change of
control and material adverse effect. If such an event of default occurs, the lenders under the Amended Facility Agreement would be entitled to take various actions, including the acceleration of amounts due under the Amended Facility Agreement,
requiring Chaucer to cash collateralize outstanding letters of credit and cancelling the Amended Facility Agreement. Letters of credit are available for issuance under the Amended Facility Agreement until December 31, 2014. No letters of credit
issued under the Amended Facility Agreement may expire after December 31, 2018.
As of November 15, 2013, there was a $180,000,000 letter of
credit outstanding under the current facility issued to the Society of Lloyd's. Upon the effective date of the Amended Facility Agreement, which is expected to be no later than November 27, 2013, the existing $180,000,000 letter of credit
will be amended to be a £130,000,000 letter of credit outstanding.
Guaranty Agreement
Also on November 15, 2013, the Company entered into a Guaranty Agreement (the "Guaranty Agreement") with Lloyds Bank plc, as Facility Agent and
Security Agent (each as defined therein), pursuant to which the Company unconditionally guarantees the obligations of Chaucer under the Amended Facility Agreement. The Guaranty Agreement contains certain financial covenants that require the Company
to maintain a minimum net worth, a minimum risk-based capital ratio at the Company's principal U.S. operating insurance companies and a maximum leverage ratio, and certain negative covenants that limit the Company's and its
subsidiaries' ability, among other things, to incur or assume certain debt, grant liens on its property, merge or consolidate, dispose of assets, materially change the nature or conduct of its business and make restricted payments (except, in
each case, as provided by certain exceptions). The Guaranty Agreement also contains certain customary representations and warranties. The Guaranty Agreement contains terms and conditions substantially similar to the existing guaranty agreement the
Company has in place with Lloyds Bank plc in connection with Chaucer's current facility, and the Guaranty Agreement will replace the existing guaranty agreement upon the effectiveness of the Amended Facility Agreement, which is expected to
occur no later than November 27, 2013.
3
The above summaries of the Amended Facility Agreement and the Guaranty Agreement do not purport to be complete
and are qualified in their entirety by reference to the full text of the Amended Facility Agreement and the Guaranty Agreement. Copies of the Amended Facility Agreement and the Guaranty Agreement are included as Exhibits 10.2 and 10.3, respectively,
to this Current Report on Form 8-K.
Item 1.02
Termination of a Material Definitive Agreement
The information provided in Item 1.01 of this
Current Report on Form 8-K is hereby incorporated by reference into this Item 1.02.
Concurrent with the Company's entry into the Credit
Agreement, the Company voluntarily terminated its existing four-year $200,000,000 credit agreement, previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3,
2011, entered into by the Company, Wells Fargo Bank, National Association, as administrative agent, and various other lender parties.
Concurrent with the
effectiveness of the Amended Facility Agreement, the Company's existing guaranty agreement, dated November 28, 2011, between the Company and Lloyds Bank plc, previously filed as Exhibit 10.2 to the Company's Current Report on Form 8-K
filed with the Securities and Exchange Commission on December 1, 2011, will terminate.
Item 2.03 Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information provided in Item 1.01 of this Current Report
on Form 8-K is hereby incorporated by reference into this Item 2.03.
Item 9.01
Financial Statements and Exhibits
(a)
Not applicable.
(b)
Not applicable.
(c)
Not applicable.
(d)
Exhibits.
The following exhibits are furnished herewith.
Exhibit 10.1
Credit Agreement, dated November 12, 2013, among The Hanover Insurance Group, Inc., as Borrower, JPMorgan Chase Bank, N.A., as administrative agent, and various other lender parties.
Exhibit 10.2
Amendment and Restatement Agreement with Amended and Restated Standby Letter of Credit Facility Agreement, dated November 15, 2013, among Chaucer Holdings plc and the lenders party thereto from time to time, Lloyds Bank plc,
Barclays Bank PLC and The Royal Bank of Scotland plc as mandated lead arrangers and Lloyds Bank plc as bookrunner, overdraft provider, facility agent of the other Finance Parties (as defined therein) and security agent to the Secured Parties (as
defined therein).
Exhibit 10.3
Guaranty Agreement, dated November 15, 2013, among The Hanover Insurance Group, Inc. and Lloyds Bank plc, as Facility Agent and Security Agent (each as defined therein).
4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
The Hanover Insurance Group, Inc.
(Registrant)
Date: November 18, 2013
By:
/s/ J. Kendall Huber
J. Kendall Huber
Executive Vice President, General Counsel and Asst. Secretary
5
EXHIBIT INDEX
Exhibit 10.1
Credit Agreement, dated November 12, 2013, among The Hanover Insurance Group, Inc., as Borrower, JPMorgan Chase Bank, N.A., as administrative agent, and various other lender parties.
Exhibit 10.2
Amendment and Restatement Agreement with Amended and Restated Standby Letter of Credit Facility Agreement, dated November 15, 2013, among Chaucer Holdings plc and the lenders party thereto from time to time, Lloyds Bank plc,
Barclays Bank PLC and The Royal Bank of Scotland plc as mandated lead arrangers and Lloyds Bank plc as bookrunner, overdraft provider, facility agent of the other Finance Parties (as defined therein) and security agent to the Secured Parties (as
defined therein).
Exhibit 10.3
Guaranty Agreement, dated November 15, 2013, among The Hanover Insurance Group, Inc. and Lloyds Bank plc, as Facility Agent and Security Agent (each as defined therein).
6