Markel and Alterra issue cleanup call for 5.35%, 6.25% notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 17 – Markel Corp. and its wholly owned subsidiary Alterra Finance LLC issued redemption notices for any notes of two series that remain outstanding after the ongoing any-and-all of tender offers for those series.

Markel will redeem the remaining outstanding notes of its $250 million 5.35% senior notes due 2021, and Alterra will redeem any remaining notes outstanding of its $350 million 6.25% senior notes due 2020 at a make-whole price on Oct. 18, according to a company notice.

A tender offer for the notes opened on Sept. 12 will expire at 5 p.m. ET on Sept. 18.

Markel is a Richmond, Va., provider of specialty insurance products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.