Bermuda-based ACE Limited announced that, “subject to market conditions, itssubsidiary, ACE INA Holdings Inc., intends to sell up to $500 million of senior notes.
“The notes are fully and unconditionally guaranteed by ACE Limited. The net proceeds from the sale of the senior notes will be used to repay indebtedness.”
The lead underwriters for the proposed offering are Banc of America Securities LLC and Deutsche Bank Securities Inc.
Was this article valuable?
Here are more articles you may enjoy.
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
Palantir Decamps to Miami Co-Working Space in Surprise Move 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
