USI Holdings calls $91.66 million floaters, 9¾% senior notes in full

By Tali David

Minneapolis, Dec. 28 - USI Holdings Corp. plans to redeem all $32,371,000 of its senior floating-rate notes due 2014 and all $59,286,000 of its 9¾% senior subordinated notes due 2015, according to two notices.

The floaters will be redeemed at par plus accrued interest, and the senior notes will be redeemed at 102.438 plus accrued interest. Both series will be redeemed on Dec. 31.

The Bank of New York Mellon is the trustee.

USI is a Briarcliff Manor, N.Y.-based distributor of property and casualty insurance and employee benefits products.

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