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CNA Financial to redeem $243 million 7.25% debentures due 2023
By Marisa Wong
Los Angeles, May 17 – CNA Financial Corp. plans to repurchase, redeem, repay or otherwise retire the $243 million outstanding balance of its 7.25% debentures due Nov. 15, 2023 using proceeds from an offering of new notes, according to a 424B3 filing with the Securities and Exchange Commission.
Any remaining proceeds from the new notes will be used for general corporate purposes.
The commercial insurance company is based in Chicago.
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