Endurance sells $85m of debt
Created: Mar 24, 2010 11:00 AM
Endurance Specialty Holdings Ltd. last night announced that it has priced $85 million of 30-year fixed rate seven percent senior notes, pursuant to its currently effective shelf registration statement. The notes have a maturity of July 15, 2034.
Yesterday's issue is a re-opening of the seven percent senior notes due 2034 issued on July 15, 2004 in an aggregate principal amount of $250 million.
Upon closing there will be $335 million of this series of senior notes outstanding.