Published on 8/12/2013 in the Prospect News High Yield Daily.
New Issue: AmTrust Financial prices $250 million 6 1/8% 10-year notes at par
By Angela McDaniels
Tacoma, Wash., Aug. 12 - AmTrust Financial Services, Inc. priced $250 million of 6 1/8% senior notes due 2023, according to a company news release.
Proceeds will be used for general corporate purposes, which may include working capital, capital expenditures and/or strategic acquisitions.
AmTrust is an insurance holding company based in New York.
| Issuer: | AmTrust Financial Services, Inc.
|
| Issue: | Senior notes
|
| Amount: | $250 million
|
| Maturity date: | Aug. 15, 2023
|
| Coupon: | 6 1/8%
|
| Price: | Par
|
| Yield: | 6 1/8%
|
| Pricing date: | Aug. 12
|
| Settlement date: | Aug. 15
|
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