E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item
Published on 11/23/2009 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

ChannelRe Holdings gets tenders for $73.99 million series B preferreds

By Angela McDaniels

Tacoma, Wash., Nov. 23 - ChannelRe Holdings Ltd. received 73,990 of Channel Reinsurance Ltd.'s outstanding series B preference shares during a tender offer that expired at 5 p.m. ET on Nov. 20, according to a company news release.

The company will pay $150 per $1,000 of liquidation preference.

The offer began Oct. 22.

Deutsche Bank Securities Inc. (866 627-0391 or 212 250-2955) was the dealer manager, and Global Bondholder Services Corp. (212 430-3774 or 866 857-2200) was the information agent.

Channel Re is a monoline financial guarantee reinsurer based in Pembroke, Bermuda. The company has written no new business since 2008.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.