Markel offering senior notes due 2046 via Citigroup, Wells Fargo

By Aleesia Forni

New York, March 29 – Markel Corp. is expected to price senior notes due 2046, according to a 424B5 filed with the Securities and Exchange Commission.

Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to fund a tender offer, to retire Alterra USA Holdings Ltd.’s $90.6 million of 7.2% notes due April 14, 2017 and for general corporate purposes.

The financial holding company, primarily for specialty insurance products, is based in Glen Allen, Va.

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