HCC Insurance holders put for redemption small amount of 1.3% convertible notes due 2023

By Susanna Moon

Chicago, April 15 - HCC Insurance Holdings, Inc. said investors exercised their put option on $32,000 principal amount of its 1.3% convertible notes due 2023. There is $124,682,000 of the convertibles outstanding.

The put option expired at 5 p.m. ET on March 31.

The notes may be called at any time after April 1, and are may be put by holders on March 31, 2014.

HCC is a Houston-based specialty insurance group.

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