Endurance Specialty Holdings Ltd. (NYSE:ENH), a Bermuda-based provider of property and casualty insurance and reinsurance, Thursday announced the pricing of $250 million principal amount of 7% Senior Notes.
The Senior Notes will initially be offered by the underwriters at a price of 99.108% of their principal amount, providing an effective yield of 7.072%, and, unless previously redeemed, will mature on July 15, 2034.
Endurance expects to use a portion of the net proceeds from the offering to repay the $103 million term loan outstanding under its bank credit facility and to use the remaini...
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