Arch Capital to redeem series C preferreds via new offering proceeds

By Tali Rackner

Minneapolis, Aug. 14 – Arch Capital Group Ltd. plans to redeem its outstanding series C noncumulative preferred shares using the net proceeds from a new series F preferred share offering, according to a press release.

The company will also use other available funds to finance the transaction.

Arch Capital is a Pembroke, Bermuda-based provider of insurance and reinsurance.

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