Markel Announces Redemption Of 7.50% Senior Debentures
11 Juli 2012 - 10:21PM
PR Newswire (US)
RICHMOND, Va. , July 11, 2012 /PRNewswire/
-- Markel Corporation (NYSE-MKL) announced today that it is
redeeming its 7.50% Senior Debentures due 2046
(NYSE-MKV). The Debentures will be redeemed
August 1, 2012 at a redemption price
equal to 100% of their principal amount ($150 million in the aggregate), plus accrued
interest to the redemption date. Interest on the
Debentures will cease to accrue on and after the redemption
date.
About Markel Corporation
Markel Corporation is a diverse financial
holding company serving a variety of niche markets. The Company's
principal business markets and underwrites specialty insurance
products. In each of the Company's businesses, it seeks to provide
quality products and excellent customer service so that it can be a
market leader. The financial goals of the Company are to earn
consistent underwriting and operating profits and
superior investment returns to build shareholder value. Visit
Markel Corporation on the web at
www.markelcorp.com.
SOURCE Markel Corporation
Copyright 2012 PR Newswire
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