Arch Capital prices $1bn senior notes offering

Arch Capital Group has priced an offering of $1 billion aggregate principal amount of 3.635 percent senior notes due 2050.

The offering is expected to close on June 30, 2020.

Arch will use the proceeds for general corporate purposes.

Wells Fargo Securities is acting as sole structuring agent and joint book-running manager. BofA Securities, Credit Suisse Securities, JP Morgan Securities and Lloyds Securities are joint book-running managers.