Swiss Re Solutions Holding Corporation through its subsidiaries, principally engages in the reinsurance and commercial insurance business in the United States and internationally. It offers a range of property reinsurance products in the areas of agriculture, aviation and space, business interruption, engineering, fire, natural perils, nuclear energy, and special risks. The company provides various casualty reinsurance products comprising general third party, directors and officers liability, environmental liability, and motor insurance; and industry reinsurance products for banks, energy and natural resources, life sciences, power and technology, global professional services, and transporta...
5200 Metcalf Avenue
Kansas City, MO 66202-1265
Founded in 1863
Swiss Re Solutions Holding Reports Results of Debt Tender Offer
Jul 10 13
Swiss Re Solutions Holding Corporation announced the expiration and final results of its previously announced offer to purchase for cash any and all of its 6.45% Notes due March 1, 2019, its 7% Notes due Feb. 15, 2026 and its 7.75% Notes due June 15, 2030. In a release on July 5, the Company said that the Offer was made upon and was subject to the terms and conditions set forth in the Offer to Purchase dated June 24, and the related Letter of Transmittal. The Offer expired as of 5 p.m., New York City time, on July 3. As of the Expiration Time, $166,298,000 in aggregate principal amount of 6.45% Notes, representing approximately 41.57% of the aggregate principal amount outstanding of 6.45% Notes, $203,374,000 in aggregate principal amount of 7% Notes, representing approximately 33.9% of the aggregate principal amount outstanding of 7% Notes and $157,334,000 in aggregate principal amount of 7.75% Notes, representing approximately 44.95% of the aggregate principal amount outstanding of 7.75% Notes were validly tendered and not validly withdrawn. Swiss Re Solutions has accepted for purchase all Notes that were validly tendered and not validly withdrawn as of the Expiration Time. Payment for the Notes purchased in the Offer is expected to be made on July 8.