HAMILTON, Bermuda--(BUSINESS WIRE)--
Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) has priced $300
million of 4.650% senior notes due 2023 (the “Notes”). The Notes pay
interest semi-annually on May 15 and November 15 and will mature on
November 15, 2023.
Aspen intends to use the net proceeds to pay the redemption price on its
$250 million aggregate principal amount outstanding of 6.00% senior
notes due August 15, 2014 and to pay related fees, expenses and
premiums. Any remaining net proceeds from the offering may be used for
general corporate purposes. The closing of the offering is expected to
occur on November 13, 2013, subject to certain customary conditions.
Barclays, Citigroup, Deutsche Bank Securities and HSBC are acting 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 preliminary prospectus supplement and
accompanying prospectus. Copies of the preliminary prospectus supplement
and the final prospectus supplement and, in each case, the accompanying
prospectus may be obtained, when available, from the SEC’s website at www.sec.gov.
Alternatively, these documents are available from the underwriters by
contacting any of the following:
- Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, telephone (888) 603-5847 or email Barclaysprospectus@broadridge.com
- Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood NY, 11717, telephone (800) 831-9146
or email batprospectusdept@citi.com
- Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005,
Attention: Prospectus Group, telephone (800) 503-4611 or e-mail at prospectus.CPDG@db.com
-
HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY 10018,
Attention: Transaction Management Group, telephone (866) 811-8049 or
email Debtprospectus@us.hsbc.com
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the Notes, nor shall there be any sale
of the Notes 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
Aspen 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 year ended December
31, 2012, Aspen reported $10.3 billion in total assets, $4.8 billion in
gross reserves, $3.5 billion in total shareholders’ equity and $2.6
billion in gross written premiums. Its operating subsidiaries have been
assigned a rating of “A” (“Strong”) by Standard & Poor’s, an “A”
(“Excellent”) by A.M. Best and an “A2” (“Good”) by Moody’s.
Application of the Safe Harbor of the Private Securities Litigation
Reform Act of 1995
This press release may contain written “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,”
“likely,” “seek,” “will,” “estimate,” “may,” “continue,” and similar
expressions of a future or forward-looking nature.
All forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and are subject
to a number of uncertainties and other factors, many of which are
outside Aspen’s control that could cause actual results to differ
materially from such statements. For a more detailed description of
uncertainties and other factors that could impact the forward-looking
statements in this press release, please see the “Risk Factors” section
in Aspen’s Annual Report on Form 10-K for the year ended December 31,
2012, filed with the SEC on February 26, 2013. Aspen undertakes no
obligation to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise.
For further information
Please visit www.aspen.co
or
Investors
Aspen
Kerry
Calaiaro, +1 646-502-1076
Senior Vice President, Investor Relations
Kerry.Calaiaro@aspen.co
or
Kathleen
de Guzman, +1 646-289-4912
Vice President, Investor Relations
Kathleen.deGuzman@aspen.co
or
Media
Aspen
Steve
Colton, +44 20 7184 8337
Head of Communications
Steve.Colton@aspen.co
or
International
– Citigate Dewe Rogerson
Caroline Merrell or Jos Bieneman, +44 20
7638 9571
caroline.merrell@citigatedr.co.uk
jos.bieneman@citigatedr.co.uk
or
North
America – Abernathy MacGregor
Carina Davidson, +1 212-371-5999
ccd@abmac.com
Source: Aspen Insurance Holdings Limited