Alleghany Announces Commencement of Senior Notes Public Offering
Alleghany Corporation (NYSE: Y) today announced that it has commenced a public offering of its Senior Notes due 2022 (the "Senior Notes").
Alleghany currently expects to use the net proceeds from the sale of its Senior Notes for general corporate purposes, including, but not limited to, acquisitions, additions to working capital, capital expenditures, investments, contributions of capital to its subsidiaries and repayment of debt.
Morgan Stanley, US Bancorp and Wells Fargo Securities are acting as joint book-running managers for the Senior Notes offering.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.