SiriusPoint Ltd (SPNT): debt financing — SiriusPoint issues $400M 7% senior notes due 2029, tenders ~83% of 4.6% notes due 2026

SiriusPoint Ltd

Issued $400M aggregate principal of 7.000% Senior Notes due 2029.
Received tenders for $330.963M (83%) of outstanding 4.600% notes due 2026.
Obtained consents to amend indenture reducing redemption notice from 30 days to 3 business days.
Intends to redeem any remaining 2026 notes on April 10, 2024.
Early tenders receive $1,000 principal, $50 early tender payment, plus accrued interest per $1,000.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

SiriusPoint Ltd incurred senior notes of $400 million aggregate principal amount with The Bank of New York Mellon at 7.000% maturing 2029.

Instrument: senior notes
Principal: $400 million aggregate principal amount
Counterparty: The Bank of New York Mellon
Rate: 7.000%
Maturity: 2029
Event: incurrence

Exact text from the filing

On April 5, 2024, SiriusPoint Ltd. (the " Company ") issued $400 million aggregate principal amount of its 7.000% Senior Notes due 2029 (the " New Notes "). The New Notes were issued pursuant to a Senior Indenture, dated as of April 5, 2024, between the Company and The Bank of New York Mellon, as trustee

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SiriusPoint Ltd filing history →

Source: SEC EDGAR

accession 0001140361-24-018346

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