Liberty Mutual Group Inc. today announced the pricing of its previously announced offers to certain eligible holders to exchange its 3.950% Senior Notes due 2060 for five series of its outstanding notes: its 6.500% Senior Notes due 2042, its 7.000% Senior Notes due 2034, its 6.500% Senior Notes due 2035, its 4.850% Senior Notes due 2044, and its 4.500% Senior Notes due 2049 , and related offers to purchase such series of existing notes for cash.
Liberty Mutual Group Inc. today announced the commencement of two related transactions to repurchase five series of its outstanding notes: its 6.500% Senior Notes due 2042, its 7.000% Senior Notes due 2034, its 6.500% Senior Notes due 2035, its 4.850% Senior Notes due 2044, and its 4.500% Senior Notes due 2049.
On April 28, 2020, Liberty Mutual Group Inc. (“LMGI” or the “Company”) finalized a senior note issuance of $500 million of 3.95% Senior Notes due 2060. Proceeds of the offering are expected to be used to fund the redemption of $330 million of senior notes due June 2021 and for general corporate purposes, which may include the repurchase of other outstanding notes.
Liberty Mutual Holding Company, Inc., the parent corporation of the Liberty Mutual Insurance group of entities, today announced the estimated impact of the COVID-19 pandemic on its first quarter 2020 financial results.
Liberty Mutual’s subsidiary, Liberty UK and Europe Holdings Limited, closed on the sale of its entire 99.99% interest in its Russian insurance affiliate, Liberty Insurance (JSC) to PJSC Sovcombank.
Sovcombank, Russia’s third-largest privately owned bank, and Liberty Mutual Group, the fifth-largest global property and casualty insurer, announced today that they have entered into a definitive agreement whereby Sovcombank will acquire Liberty Insurance PJSC, a Russian subsidiary of Liberty Mutual.
Liberty Mutual Insurance today announced long-time company leader Francis Hyatt as the organization’s first Chief Sustainability Officer. Hyatt will further enhance the organization’s ongoing focus on significant environmental, social and governance (ESG) issues, and lead the company’s Office of Sustainability.
Liberty Mutual Insurance completed the acquisition of the business and operations of Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain, following satisfaction of customary closing conditions.
Liberty Mutual Group Inc. today announced the pricing of its previously announced offers to certain eligible holders to exchange new senior notes due 2050 for six series of its outstanding notes: its Series A Junior Subordinated Notes; its Series C Junior Subordinated Notes; its 6.500% Senior Notes due 2042; its 7.000% Senior Notes due 2034; its 6.500% Senior Notes due 2035; and its 4.850% Senior Notes due 2044. In addition, Liberty Mutual announced that it will pay interest on the new notes at a rate per annum equal to 3.951%, as calculated in accordance with the terms of the confidential Offering Memorandum dated September 11, 2019.
Liberty Mutual Group Inc. today announced the early participation results of its previously announced offers to certain eligible holders to exchange new senior notes due 2050 for six series of its outstanding notes: its Series A Junior Subordinated Notes; its Series C Junior Subordinated Notes; its 6.500% Senior Notes due 2042; its 7.000% Senior Notes due 2034; its 6.500% Senior Notes due 2035; and its 4.850% Senior Notes due 2044. In addition, Liberty Mutual announced that it has increased the limit on the aggregate principal amount of new notes to be issued in the exchange offers from $750,000,000 to $1,248,246,000.