Travelers offers $500 million 30-year notes to retire 2019 notes

By Cristal Cody

Tupelo, Miss., Feb. 27 – Travelers Cos., Inc. plans to price $500 million of 30-year senior notes, according to a 424B3 filing with the Securities and Exchange Commission on Wednesday.

The notes will have a make-whole call until six months prior to maturity and then a par call.

BofA Merrill Lynch, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc. are the bookrunners.

Proceeds will be used to retire the company’s $500 million of 5.9% senior notes due June 2, 2019.

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

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