Cleveland-based insurance holding company, Progressive Corporation, announced the public offering of $350,000,000 aggregate principal amount of its 6.375 percent Senior Notes due January 15, 2012.
The Notes are priced at 99.791 percent to yield 6.402 percent.
The net proceeds are intended to be used for general corporate purposes. Goldman Sachs & Co. and Salomon Smith Barney are the joint book managers of the offering. Credit Suisse First Boston, Morgan Stanley, and NatCity Investments, Inc. are co-managers.
Was this article valuable?
Here are more articles you may enjoy.
London Broker Howden Plots Giant Capital Raise on IPO Path 
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak 
New Jersey Insurance Agents Are Not Exempt From Consumer Fraud Act: High Court 
One Weather Firm Warns New England Could See Big Hurricane This Season 
