Property casualty insurance provider
W. R. Berkley
announced Wednesday that will cause to be redeemed all outstanding 8.197% capital securities of
W. R. Berkley Capital Trust
on Dec. 15 at a redemption price equal to $1,000 a $1,000 liquidation amount of the capital securities, together with accrued and unpaid distributions on the capital securities to the redemption date.
The Bank of New York will act as paying agent, the Greenwich, Conn.-based company said.
In connection with the redemption of the capital securities, the company will prepay all of its outstanding $210 million 8.197% junior subordinated debentures due 2045 on the redemption date at par plus accrued interest to the redemption date, it added.
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