debt
confidence high
sentiment positive
materiality 0.50
Arch Capital buys back $417.9M of senior notes at small premium; early tender fully subscribed
ARCH CAPITAL GROUP LTD.
- Increased tender max to $417.9M for 5.144% notes due 2043 and 5.031% notes due 2046.
- $218.7M of 2043 notes and $199.1M of 2046 notes validly tendered; all accepted.
- Total consideration per $1,000: $960.00 for 2043 notes, $942.30 for 2046 notes (incl. $50 premium).
- Early settlement date June 18, 2026; no further notes expected to be accepted after early deadline.
- Financing condition satisfied; Wells Fargo and BofA serving as dealer managers.