Peoria, Ill.-based insurer RLI Corp. will issue $100 million of senior notes due 2014. The net proceeds of the offering will be used to provide additional capital for its insurance subsidiaries and for general corporate purposes.
Credit Suisse First Boston is acting as sole book-running manager of the offering, with Banc One Capital Markets Inc. acting as joint lead manager.
A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. This announcement is not an offer to sell these securities, and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
