Endurance finishes $600m capital-raising
Endurance Specialty Holdings has announced that it has completed the sale of its $200m 6.15% Senior Notes due 2015, completing the final tranche of its $600m post-Katrina debt and equity funding.
The Bermudian specialty (re)insurer says it expects to use a portion of the net proceeds from the offering of the senior notes to repay amounts currently outstanding under its credit facility and toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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