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CNA to redeem $500 million 5.875% notes due 2020 via new notes
By Marisa Wong
Morgantown, W.Va., May 1 – CNA Financial Corp. plans to repurchase, redeem or repay its $500 million of outstanding 5.875% senior notes due Aug. 15, 2020 using proceeds from an offering of new notes, according to a 424B3 filing with the Securities and Exchange Commission.
The company will also use cash on hand and available liquidity to retire the outstanding notes.
The insurance company is based in Chicago.
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