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W.R. Berkley to repay its $250 million 6.75% debentures via offering
By Tali David
Minneapolis, April 25 - W.R. Berkley Corp. plans to repay all or a portion of its $250 million 6.75% subordinated debentures due 2045 currently held by W.R. Berkley Capital Trust II with the proceeds of a new offering due 2053, according to a 424B5 filed with the Securities and Exchange Commission.
The company will use the remainder, if any, for general corporate purposes.
W.R. Berkley Capital Trust II will use the proceeds of such repayment to redeem all or a portion of its 6.75% TOPrS, the filing said.
Based in Greenwich, Conn., W.R. Berkley is an insurance holding company.
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