AXIS Prices Offering Of $300 Million Notes

June 14, 2019 | 0 Comments

Bermuda-based AXIS Capital Holdings Limited announced that its subsidiary, AXIS Specialty Finance LLC, has priced an offering of $300 million aggregate principal amount of 3.900% Senior Notes due 2029, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement.

The Issuer intends to use the proceeds from the notes offering for the partial repayment or redemption of its 5.875% Senior Notes due 2020. The offering is expected to close on June 19, 2019, subject to customary closing conditions.

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