Arch Capital to sell fixed-rate notes in 10-, 30-year tranches

By Devika Patel

Knoxville, Tenn., Nov. 29 – Arch Capital Group Ltd. intends to price an offering of fixed-rate notes in two tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The notes, due in 2026 and 2046, have a make-whole call feature and then are callable at par.

The notes will be issued through Arch Capital Finance LLC and guaranteed by the parent.

Credit Suisse Securities (USA) LLC, Barclays, J.P. Morgan Securities LLC, Lloyds Securities, BofA Merrill Lynch, U.S. Bancorp Investments Inc., Wells Fargo Securities LLC and BMO Capital Markets Corp. are the bookrunners.

The Hamilton, Bermuda-based reinsurance company will use the proceeds for the company’s planned acquisition of United Guaranty Corp. and AIG United Guaranty (Asia) Ltd.

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