Markel prices $350 million debt offering
Markel prices public offering of $350 million worth of 7.125 percent senior notes due 2019
- On 6:54 am EDT, Friday September 18, 2009
RICHMOND, Va. (AP) -- Markel Corp. said Thursday it has priced a public offering of $350 million worth of 7.125 percent senior notes due 2019, and said it will use proceeds from the sale for general corporate purposes, including acquisitions.
Barclays Capital and Wells Fargo Securities are the joint book-running managers for the offering, which is expected to close on Sept. 22.
Markel markets and underwrites specialty insurance products and programs.
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