AXIS Closes $500 Million Senior Notes Offering

November 16, 2004

Bermuda-based AXIS Capital Holdings Limited announced the closing of its public offering of $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 said it “expects to use the proceeds from the offering for general corporate purposes.”

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