Aspen Insurance Holdings Ltd. issued a redemption notice for the outstanding $125 million principal amount of 6.00% senior notes due 2020.
The redemption date will be Sept. 30. The redemption price will be equal to the greater of 100% of the principal amount of the notes being redeemed, or the sum of the present values of the remaining scheduled payments on the notes, excluding accrued interest, discounted to the redemption date using a defined treasury rate plus 45 basis points.
Accrued and unpaid interest on the notes will be paid up to, but excluding, the redemption date.
