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HCC Insurance cancels $300 million offering of 10-year senior notes
By Andrea Heisinger
Omaha, Sept. 21 - HCC Insurance Holdings Inc. announced Friday it would withdraw a $300 million offering of 10-year senior notes.
The offering was announced Wednesday.
The decision to cancel the note offering will not affect redemption of the company's 2% convertible notes due 2021 or its ongoing operations, according to a press release from HCC.
Bookrunners on the Rule 144A offering were Citigroup Global Markets Inc. and Wachovia Capital Securities LLC.
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