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.
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