Harleysville Group Inc. (Nasdaq: HGIC) announced yesterday it has completed a
public offering of $100 million in aggregate principal amount of its 5.75%
senior notes due July 15, 2013.
The $100 million of securities are being
issued from the $200 million shelf registration statement that was declared
effective by the Securities and Exchange Commission on June 26, 2003.
The net proceeds of the offering will be used to repay at maturity $75
million of outstanding 6.75% senior notes due November 15, 2003 and for
general corporate purposes.
Merrill Lynch & Co. is the sole...
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