Hartford Financial Services Group Inc. announced the expiration and results of its previously announced 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 5.75% senior notes due 2023 issued by Navigators Group Inc.
The company said $588.9 million of its 5.125% senior notes were tendered and accepted, while $105.4 million of the Navigators notes were tendered and accepted.
The offer expired at 5 p.m. ET on Aug. 14.
Settlement for the notes validly tendered and not validly withdrawn at or prior to Aug. 14 and accepted for purchase by the company is expected to take place on Aug. 19.
The Hartford retained D.F. King & Co. Inc. as tender agent and information agent for the tender offer.
