Alleghany Corp. (Y: Quote) announced that it has set the price for the public offering of $400 million of its 4.95% Senior Notes due June 27, 2022.
Alleghany said it currently expects to use the net proceeds from the sale of its Senior Notes for general corporate purposes, including, but not limited to, acquisitions, additions to working capital, capital expenditures, investments, contributions of capital to its subsidiaries and repayment of debt.
Morgan Stanley, US Bancorp and Wells Fargo Securities are acting as joint book-running managers for the Senior Notes offering.
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by RTT Staff Writer
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