AmTrust Financial Services to price 10-year convertible senior notes

By Rebecca Melvin

New York, Dec. 15 - AmTrust Financial Services Inc. plans to price 10-year convertible senior notes in a private deal under Rule 144A, according to a news release.

The initial purchasers will have an option to purchase additional notes.

Proceeds will be used for general corporate purposes, which may include working capital, repayment of debt, capital expenditures and/or strategic acquisitions.

Further details weren't known at Prospect News' publishing deadline.

AmTrust is a New York-based multinational specialty property and casualty insurance company.

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