Aspen Insurance to redeem $250 million 6% notes due 2014 on Dec. 16

By Marisa Wong

Madison, Wis., Nov. 13 - Aspen Insurance Holdings Ltd. will redeem all $250 million of its outstanding 6% senior notes due Aug. 15, 2014 on Dec. 16, according to an 8-K filing with the Securities and Exchange Commission.

The company plans to deliver a notice of redemption to holders of the 6% notes on Thursday.

The redemption will be funded with proceeds from a new issue of 4.65% senior notes due 2023.

The holding company for insurance and reinsurance subsidiaries is based in Hamilton, Bermuda.

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