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Greenlight Capital issues $100M in senior notes

Greenlight Capital Re Ltd. on Aug. 7 issued $100.0 million in aggregate principal amount of its 4.00% convertible senior notes due 2023, the company said in a security filing.

The company said it used about $13.8 million of the net proceeds from the sale to finance a repurchase of 1 million of its class A ordinary shares.

The remainder of the proceeds will be used to make contributions to the capital and surplus of its reinsurance unit and for general corporate purposes.