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American Financial to redeem 7.125% debentures with offering proceeds
By Ashley Montgomery
Kansas City, Kan., Aug. 21 - American Financial Group, Inc. plans to use the proceeds from its sale of senior notes due 2042 to redeem its 7.125% senior debentures due 2034, according to a 424B5 filing with the Securities and Exchange Commission.
The $115 million of debentures will be redeemed in full, and the price will include accrued interest.
The company will also use cash on hand to fund the redemption if necessary.
Any remaining proceeds will be used for general corporate purposes.
American Financial Group is a Cincinnati-based insurance company.
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