AXIS Capital Prices $350 Million Of Senior Notes
Bermuda-based AXIS Capital Holdings Limited announced that its subsidiary, AXIS Specialty Finance PLC, has priced an offering of $350.0 million aggregate principal amount of 4.000% Senior Notes due 2027, fully and unconditionally guaranteed by AXIS Capital, pursuant to an effective shelf registration statement.
The Issuer intends to use the proceeds from any notes offering for repayment or redemption of its 2.650% Senior Notes Due 2019 and for general corporate purposes. The offering is expected to close on December 6, 2017, subject to customary closing conditions.
The Issuer will apply to list the notes on the Bermuda Stock Exchange. Credit Suisse Securities [USA] LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and HSBC Securities [USA] Inc. are the joint book-running managers for the offering.
