Aspen Prices Offering of $300 Million of Senior Notes
November 05 2013 - 4:53PM
Business Wire
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has priced
$300 million of 4.650% senior notes due 2023 (the “Notes”). The
Notes pay interest semi-annually on May 15 and November 15 and will
mature on November 15, 2023.
Aspen intends to use the net proceeds to pay the redemption
price on its $250 million aggregate principal amount outstanding of
6.00% senior notes due August 15, 2014 and to pay related fees,
expenses and premiums. Any remaining net proceeds from the offering
may be used for general corporate purposes. The closing of the
offering is expected to occur on November 13, 2013, subject to
certain customary conditions. Barclays, Citigroup, Deutsche Bank
Securities and HSBC are acting as joint book-running managers for
the offering.
The Notes are being offered pursuant to an effective shelf
registration statement that has been filed with the U.S. Securities
and Exchange Commission (“SEC”). Any offer, or solicitation to buy,
if at all, will be made solely by means of a preliminary prospectus
supplement and accompanying prospectus. Copies of the preliminary
prospectus supplement and the final prospectus supplement and, in
each case, the accompanying prospectus may be obtained, when
available, from the SEC’s website at www.sec.gov. Alternatively,
these documents are available from the underwriters by contacting
any of the following:
- Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
telephone (888) 603-5847 or email
Barclaysprospectus@broadridge.com
- Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood
NY, 11717, telephone (800) 831-9146 or email
batprospectusdept@citi.com
- Deutsche Bank Securities Inc., 60 Wall
Street, New York, NY 10005, Attention: Prospectus Group, telephone
(800) 503-4611 or e-mail at prospectus.CPDG@db.com
- HSBC Securities (USA) Inc., 452 Fifth
Avenue, New York, NY 10018, Attention: Transaction Management
Group, telephone (866) 811-8049 or email
Debtprospectus@us.hsbc.com
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the Notes, nor shall there be any
sale of the Notes in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Germany, Ireland,
Singapore, Switzerland, the United Kingdom and the United States.
For the year ended December 31, 2012, Aspen reported $10.3 billion
in total assets, $4.8 billion in gross reserves, $3.5 billion in
total shareholders’ equity and $2.6 billion in gross written
premiums. Its operating subsidiaries have been assigned a rating of
“A” (“Strong”) by Standard & Poor’s, an “A” (“Excellent”) by
A.M. Best and an “A2” (“Good”) by Moody’s.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release may contain written “forward-looking
statements” within the meaning of the U.S. federal securities laws.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not
relate solely to historical or current facts, and can be identified
by the use of words such as “expect,” “intend,” “plan,” “believe,”
“project,” “anticipate,” “likely,” “seek,” “will,” “estimate,”
“may,” “continue,” and similar expressions of a future or
forward-looking nature.
All forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and are
subject to a number of uncertainties and other factors, many of
which are outside Aspen’s control that could cause actual results
to differ materially from such statements. For a more detailed
description of uncertainties and other factors that could impact
the forward-looking statements in this press release, please see
the “Risk Factors” section in Aspen’s Annual Report on Form 10-K
for the year ended December 31, 2012, filed with the SEC on
February 26, 2013. Aspen undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
For further informationPlease visit
www.aspen.coorInvestorsAspenKerry Calaiaro, +1
646-502-1076Senior Vice President, Investor
RelationsKerry.Calaiaro@aspen.coorKathleen de Guzman, +1
646-289-4912Vice President, Investor
RelationsKathleen.deGuzman@aspen.coorMediaAspenSteve Colton,
+44 20 7184 8337Head of
CommunicationsSteve.Colton@aspen.coorInternational – Citigate Dewe
RogersonCaroline Merrell or Jos Bieneman, +44 20 7638
9571caroline.merrell@citigatedr.co.ukjos.bieneman@citigatedr.co.ukorNorth
America – Abernathy MacGregorCarina Davidson, +1
212-371-5999ccd@abmac.com
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