StockNews.AI
CB
StockNews.AI
15 days

Chubb Limited Announces Pricing of $1.25 Billion Senior Notes Offering by Subsidiary

1. Chubb priced $1.25 billion of 4.90% senior notes due 2035. 2. Proceeds are intended for general corporate purposes and repaying existing debt. 3. The notes are guaranteed by Chubb Limited and involve major banks. 4. Chubb is a leader in the insurance industry with a strong market presence. 5. Caution issued about reliance on forward-looking statements in the press release.

6m saved
Insight
Article

FAQ

Why Bullish?

The strategic refinancing reduces financial pressure and improves cash flow, potentially boosting investor confidence, similar to past successful debt offerings enhancing liquidity.

How important is it?

The issuance of senior notes demonstrates fiscal responsibility and stability, key factors for maintaining investor trust and market position.

Why Short Term?

Immediate effects will be seen with stock price stability post-debt management, akin to prior offerings strengthening market position quickly.

Related Companies

BRK.BAFLLNC
, /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that its subsidiary, Chubb INA Holdings LLC, has priced a public offering of $1.25 billion of 4.90% senior notes due 2035 (the "Notes"). The Notes are guaranteed by Chubb Limited.  Chubb intends to use the net proceeds for general corporate purposes, including the repayment of a portion of the $1.5 billion of its outstanding 3.35% senior notes due May 3, 2026.  The joint book-running managers for the offering are Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC.   This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any offer, solicitation or sale of the senior notes or any other securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained by calling Citigroup Global Markets Inc. at 1-800-831-9146, Goldman Sachs & Co. LLC at 1-866-471-2526 or Wells Fargo Securities, LLC at 1-800-645-3751. Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the U.S. Securities and Exchange Commission (SEC) website at www.sec.gov. About ChubbChubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.  The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide.  Additional information can be found at: www.chubb.com. Cautionary Statement Regarding Forward-Looking Statements: Forward-looking statements made in this press release, such as statements regarding use of proceeds, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from these statements.  Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the SEC.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. SOURCE Chubb Limited WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News