Infinity Property to redeem 5.5% senior notes via offering proceeds

By Ashley Montgomery

Kansas City, Kan., Sept 12 - Infinity Property and Casualty Corp. plans to use proceeds from its offering of senior notes due 2022 to redeem its 5.5% senior notes due Feb. 18, 2014, according to a notice.

The company said it would use up to $210 million of the proceeds for the redemption.

Any additional proceeds will be used for general corporate purposes.

Infinity Property & Casualty is a Birmingham, Ala. that provides auto insurance policies through its subsidiaries.

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