Travelers accepts all $868.36 million of 6.25% notes in tender offer

By Marisa Wong

Madison, Wis., Nov. 9 - Travelers Cos., Inc. said that it accepted for purchase all $868,356,000 of 6.25% fixed-to-floating-rate junior subordinated debentures due 2067 tendered in the offer that expired at 5 p.m. ET on Nov. 8.

Travelers began a cash tender offer for any and all of its $1 billion of outstanding 6.25% notes on Oct. 27.

Travelers purchased the notes for $911,773,800, plus accrued interest.

Bank of America Merrill Lynch (866 292-0070 or 980 683-3215) is the dealer manager for the offer. Global Bondholder Services Corp. (866 857-2200) is the information agent.

Travelers is a New York-based holding company for auto, home and business property casualty insurance companies.

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