Loan & DebtJun 3, 2026, 06:11 AM
Arch Capital Prices $2B Senior Notes Offering
AI Summary
Arch Capital Group Ltd. priced a public offering of $2 billion in senior notes, consisting of $600 million of 5.250% notes due 2036 and $1.4 billion of 5.950% notes due 2056. The company intends to use the net proceeds to retire existing debt, including $500 million of 4.011% Senior Notes due 2026 and notes from previously announced tender offers, with any remaining balance for general corporate purposes. The offering is expected to close on June 9, 2026.
Key Highlights
- Arch Capital priced a $2,000,000,000 public offering of senior notes.
- The offering includes $600,000,000 of 5.250% senior notes due 2036.
- It also includes $1,400,000,000 of 5.950% senior notes due 2056.
- Proceeds will retire $500,000,000 of 4.011% Senior Notes due 2026.
- Funds will also cover tender offers for 5.144% Senior Notes due 2043 and 5.031% Senior Notes due 2046.
- Any remaining proceeds will be used for general corporate purposes.
- The offering is expected to close on June 9, 2026.
Price Impact
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