Arch Capital Group said June 2 it began cash tender offers for two outstanding debt issues, with a combined purchase cap of $350 million.
The company is targeting up to: $500 million of 5.144% senior notes due 2043, issued by Arch Capital Group (U.S.) Inc. $450 million of 5.031% senior notes due 2046, issued by Arch Capital Finance LLC
The 2043 notes carry the higher acceptance priority, ranked 1, while the 2046 notes are ranked 2. That means the 2043 bonds will be bought first, and the 2046 issue will only be accepted if room remains under the $350 million ceiling.
Each series includes an early tender premium of $50 per $1,000 principal amount, on top of the total tender offer consideration or late tender offer consideration, plus accrued and unpaid interest.
Key dates in the offer: Early tender deadline: June 15, 2026 at 5:00 p.m. New York time Price determination date: expected June 16, 2026 * Expiration date: July 1, 2026 at 5:00 p.m. New York time
The company said the tender offers are tied to the completion of one or more new note offerings, and that the new notes sale is not dependent on the tender offers being completed.
Arch said it had about $26.9 billion in capital at March 31, 2026. Today the company's shares have moved -0.7% to a price of $88.7099. For more information, read the company's full 8-K submission here.
