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The Hartford starts tender offers for senior notes

Hartford Financial Services Group Inc. started a cash tender offer for any and all of the $800 million outstanding aggregate principal amount of its 5.125% senior notes due 2022 and the $265 million outstanding aggregate principal amount of subsidiary Navigators Group Inc.'s 5.75% senior notes due 2023.

The tender offer is being made in accordance with an Aug. 8 offer to purchase. The offer will expire at 5 p.m. ET on Aug. 14, unless extended.

The tender offer consideration per $1,000 principal amount of notes validly tendered and accepted for payment will be calculated by the dealer managers on the offer's expiration date. Holders whose notes are bought will also receive accrued and unpaid interest covering the applicable last interest payment date until, but not including, the settlement date.

The Hartford has retained Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC to serve as the dealer managers for the offer, and D.F. King & Co. Inc. to act as the tender agent and information agent.