Markel to repay $175 million revolver debt with note sale proceeds

By Sara Rosenberg

New York, Feb. 21 - Markel Corp. will use proceeds from the sale of $200 million aggregate principal amount of 6.80% senior notes due 2013 to repay $175 million of outstanding debt under its revolver.

The note offering is expected to close on Tuesday.

Markel, based in Glen Allen, Va., markets and underwrites specialty insurance products and programs to a variety of niche markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.