Swiss Re Solutions Holding Corporation Announces Results of its Debt Tender Offer

Swiss Re Solutions Holding Corporation Announces Results of its Debt Tender Offer

PR Newswire

NEW YORK, July 5, 2013 /PRNewswire/ — Swiss Re Solutions Holding Corporation (“Swiss Re Solutions”), an indirect subsidiary of Swiss Re Ltd, announced today the expiration and final results of its previously announced offer to purchase for cash (the “Offer”) any and all of its 6.45% Notes due March 1, 2019 (the “6.45% Notes”), its 7% Notes due February 15, 2026 (the “7% Notes”) and its 7.75% Notes due June 15, 2030 (the “7.75% Notes” and collectively, the “Notes”).

The Offer was made upon and was subject to the terms and conditions set forth in the Offer to Purchase dated June 24, 2013 and the related Letter of Transmittal.

The Offer expired as of 5:00 p.m., New York City time, on July 3, 2013 (the “Expiration Time”). As of the Expiration Time, $166,298,000 in aggregate principal amount of 6.45% Notes, representing approximately 41.57% of the aggregate principal amount outstanding of 6.45% Notes, $203,374,000 in aggregate principal amount of 7% Notes, representing approximately 33.9% of the aggregate principal amount outstanding of 7% Notes and $157,334,000 in aggregate principal amount of 7.75% Notes, representing approximately 44.95% of the aggregate principal amount outstanding of 7.75% Notes were validly tendered and not validly withdrawn. Swiss Re Solutions has accepted for purchase all Notes that were validly tendered and not validly withdrawn as of the Expiration Time. Payment for the Notes purchased in the Offer is expected to be made on July 8, 2013.

Questions regarding the Offer should be directed to the Dealer Manager at the telephone number or address set out below. Registered holders of the Notes may also contact their broker, dealer, commercial bank or trust company or other nominee for assistance concerning the Offer.

THE DEALER MANAGER FOR THE OFFER IS:
J.P. Morgan Securities LLC


J.P. Morgan Securities LLC

383 Madison Avenue, 3rd Floor

New York, New York 10179

Toll Free: (866) 834-4666
Collect: (212) 834-4394
Attention: Liability Management Group

THE TENDER AND INFORMATION AGENT FOR THE OFFER IS:
D.F. King & Co., Inc.


D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, New York 10005
Banks and brokers call: (212) 269-5550
All others call toll free: (800) 697-6975
Email: swissre@dfking.com

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

SOURCE Swiss Re Solutions Holding Corporation

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