Prices $500M Notes
Prices $500M 6.693% fixed-to-floating junior subordinated notes due 2037
Offering is expected to close July 1st, subject to customary closing conditions. - - Net proceeds are intended to fund the purchase of Enstar Finance LLC 5.500% fixed-rate reset junior subordinated notes due 2042 validly tendered and accepted in the tender offer announced June 22nd, with remaining proceeds for future redemptions of additional 2042 notes during par call periods and general corporate purposes.