Loan & DebtJun 16, 2026, 04:12 PM
Arch Capital Group Increases Debt Tender Offer to $417.85M
AI Summary
Arch Capital Group Ltd. announced the early results and pricing for its subsidiaries' cash tender offers, increasing the maximum aggregate principal amount to $417,851,000. The company expects to accept all tendered notes from both the 5.144% Senior Notes due 2043 and the 5.031% Senior Notes due 2046, as the total tendered amount equals the maximum. Payment for the accepted notes is scheduled for June 18, 2026.
Key Highlights
- Arch Capital Group Ltd. announced early results for its cash tender offers for its subsidiaries' debt.
- The aggregate principal amount for the tender offers has been increased to up to $417,851,000.
- The 5.144% Senior Notes due 2043 had $218,712,000 tendered, with $218,712,000 expected to be accepted.
- The 5.031% Senior Notes due 2046 had $199,139,000 tendered, with $199,139,000 expected to be accepted.
- The total consideration for the 2043 Notes is $960.00 per $1,000 principal amount.
- The total consideration for the 2046 Notes is $942.30 per $1,000 principal amount.
- Payment for accepted notes is expected on June 18, 2026.
Price Impact
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