Alleghany pricing $300 million 30-year senior notes Tuesday

By Aleesia Forni

Virginia Beach, Sept. 2 – Alleghany Corp. is set to sell $300 million of senior notes due 2044 on Tuesday, according to an informed source and a 424B5 filed with the Securities and Exchange Commission.

BMO Capital Markets, Goldman Sachs & Co., Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used to redeem a portion of Transatlantic Holdings, Inc.’s 5.75% senior notes due December 2015.

Alleghany is a New York City-based property and casualty insurer.

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