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.
Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities 
Businessman, Former Federal Insurance Co. Attorney Hit With $50M Florida Verdict 
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance 
Insurance Customers Skeptical About AI Processes and Benefits 
