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Validus issues redemption notices for junior notes

Validus Holdings Ltd. issued redemption notices for two sets of junior subordinated debentures.

These are the company's junior subordinated deferrable interest debentures due June 15, 2036, and its junior subordinated deferrable interest debentures due June 15, 2037.

The redemption date is Dec. 17. The notes will be redeemed at 100% of the principal amount, plus accrued and unpaid interest, up to, but excluding, the redemption date.

The notes will no longer accumulate interest and be no longer deemed outstanding after the redemption date. The rights of the holders of the junior notes will also terminate.