American Financial Prices $125 Mln Of Senior Notes

American Financial Group Q1 Profit Rises - Quick Facts

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8/21/2012 5:55 PM ET

American Financial Group, Inc. (AFG: Quote) on Tuesday announced the sale of $125 million aggregate principal amount of 53/4% Senior Notes due August 25, 2042.

The Senior Notes are redeemable on or after August 25, 2017, at 100% of their principal amount plus accrued and unpaid interest to the redemption date.

The company will use the net proceeds from the offering to redeem all $115 million aggregate principal amount of our 7?% Senior Debentures due 2034 plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Remaining proceeds will be used for general working capital purposes.

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