Bermuda-based AXIS Capital Holdings Limited announced that it has priced an offering to sell $500 million of senior notes due 2014. The senior notes will bear interest at 5.75 percent per year and, unless previously redeemed, will mature on December 1, 2014.
AXIS Capital expects to use the proceeds from the offering for general corporate purposes.
The joint book-running managers are Citigroup and JPMorgan. A shelf registration statement relating to this offering was originally filed with the U.S. Securities and Exchange Commission on August 6, 2004 and has since been declared effective. This offering was made pursuant to a prospectus supplement to the shelf registration statement on file with the SEC.
Was this article valuable?
Here are more articles you may enjoy.
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
