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GBLI Holdings to redeem 7 7/8% subordinated notes due 2047
Chicago, March 10 – GBLI Holdings, LLC says it will redeem all $130 million outstanding 7 7/8% subordinated notes due 2047 on April 15, according to an 8-K filing with the Securities and Exchange Commission.
The notes were issued by GBLI Holdings and Global Indemnity Group, LLC.
The issuer will pay par plus unpaid interest to the redemption date.
U.S. Bank, NA is the trustee.
GBLI Holdings, LLC is a Bala Cynwyd, Pa.-based provider of both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States.
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