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Markel announces final results of tender offers for senior notes

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Markel announces final results of tender offers for senior notes

Markel Corp. disclosed the final results of cash tender offers for up to $250 million of its 5.35% senior notes due 2021 and $350 million of subsidiary Alterra Finance LLC's 6.25% senior notes due 2020.

About $125.3 million of the 6.25% senior notes and about $97.8 million of the 5.35% senior notes were tendered. The offers expired Sept. 18.

Settlement for the notes validly tendered is expected to take place on 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.