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Markel unit commences cash tender offer

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Markel unit commences cash tender offer

Markel Corp.'s unit Alterra Finance LLC commenced a cash tender offer for up to $350 million of its 6.25% senior notes due 2020 and $250 million of its 5.35% senior notes due 2021.

The tender offer is scheduled to expire at 5:00 p.m. ET on Sept. 18, unless extended or terminated earlier.

The settlement date is expected to be Sept. 23.

Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the dealer managers. Global Bondholder Services Corp. is the information agent and depositary.