Aspen Insurance Holdings Prices Offering of $250 Million of 6.00% Senior Notes due 2020
December 07 2010 - 6:08PM
Business Wire
Aspen Insurance Holdings Limited (the “Company”) (NYSE:AHL)
today announced that it has priced its public offering of $250
million of 6.00% Senior Notes due 2020. The Senior Notes pay
interest semi-annually and have a maturity of December 15, 2020.
The Company intends to use the net proceeds from the offering for
general corporate purposes.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
served as joint book-running managers for the offering.
The notes are being offered pursuant to an effective shelf
registration statement that has been filed with the U.S. Securities
and Exchange Commission (“SEC”). Any offer, or solicitation to buy,
if at all, will be made solely by means of a prospectus supplement
and accompanying prospectus filed with the SEC. You may get these
documents for free by searching the SEC’s on-line database at
www.sec.gov. Alternatively, the joint book-running managers will
arrange to send you the prospectus supplement and accompanying
prospectus if you request it by contacting Citigroup Global Markets
Inc. at 1-877-858-5407 or Deutsche Bank Securities Inc. at
1-800-503-4611.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Aspen Insurance Holdings Limited
The Company provides reinsurance and insurance coverage to
clients in various domestic and global markets through wholly-owned
subsidiaries and offices in Bermuda, France, Germany, Ireland,
Singapore, Switzerland, the United Kingdom and the United States.
For the twelve months ended December 31, 2009, The Company reported
gross written premiums of $2,067.1 million, net income of $473.9
million and total assets of $8.3 billion. Its operating
subsidiaries have been assigned a financial strength rating of “A”
(“Strong”) by Standard & Poor's, an “A” (“Excellent”) by A.M.
Best and an “A2” (“Good”) by Moody's Investors Service.
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995:
This press release contains ‘‘forward-looking statements’’
within the meaning of the U.S. federal securities laws. These
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that do not relate solely to
historical or current facts, and can be identified by the use of
words such as ‘‘expect,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘believe,’’
‘‘project,’’ ‘‘anticipate,’’ ‘‘seek,’’ ‘‘will,’’ ‘‘estimate,’’
‘‘may,’’ ‘‘continue,’’ ‘‘guidance,’’ and similar expressions of a
future or forward-looking nature.
All forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of
uncertainties and other factors, many of which are outside the
Company’s control, that could cause actual results to differ
materially from such statements. For a more detailed description of
additional uncertainties and other factors that could impact the
forward-looking statements in this release, please see the ‘‘Risk
Factors’’ section in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2009, filed with the U.S. Securities
and Exchange Commission on February 26, 2010.
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