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OneBeacon U.S. Holdings plans to redeem 5.875% senior notes due 2013
By Marisa Wong
Madison, Wis., Nov. 6 - OneBeacon Insurance Group, Ltd. said its wholly owned subsidiary, OneBeacon U.S. Holdings, Inc., plans to redeem all of its outstanding 5.875% senior notes due 2013 using proceeds from an upcoming offering of senior notes due 2022.
The company will also use cash on hand and cash from short-term investments to fund the redemption, according to a press release.
The property and casualty insurance holding company is based in Hamilton, Bermuda.
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