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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 12/14/2023 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

USI to redeem notes due 2025 with proceeds from 7½% note offering

By William Gullotti and Paul A. Harris

Buffalo, N.Y.., Dec. 14 – USI Inc. plans to use the proceeds from its $620 million sale of eight-year 7½% senior notes (Caa1/CCC+) to redeem existing senior notes that mature in 2025, according to market sources.

The new Rule 144A for life and Regulation S notes priced at par in a Thursday drive-by.

USI is a Valhalla, N.Y.-based insurance brokerage.


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