Loan & DebtJun 2, 2026, 09:02 AM
Arch Capital Group Launches $350M Tender Offer for Senior Notes
AI Summary
Arch Capital Group Ltd. announced that its subsidiaries, Arch Capital Group (U.S.) Inc. and Arch Capital Finance LLC, have launched cash tender offers to purchase up to a combined aggregate of $350 million of their outstanding senior notes. The offers target the 5.144% Senior Notes due 2043 and the 5.031% Senior Notes due 2046. The tender offers are contingent upon the successful completion of a new notes offering by the company. The priority for acceptance is given to the 2043 Notes, followed by the 2046 Notes.
Key Highlights
- Arch Capital Group subsidiaries commence cash tender offers for up to $350 million in debt.
- The offers include 5.144% Senior Notes due 2043 and 5.031% Senior Notes due 2046.
- Tender offers are subject to a financing condition, requiring the company to complete a new notes offering.
- Early tender deadline is June 15, 2026, with the Expiration Date set for July 1, 2026.
- The 2043 Notes have a higher acceptance priority level than the 2046 Notes.
Price Impact
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