NEW YORK--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced that it will redeem the remaining $106,899,000 aggregate principal amount of its 6.25% Fixed-to-Floating Rate Junior Subordinated Debentures due 2067. Following the redemption, none of these Debentures will remain outstanding.
The Debentures will be redeemed on June 2, 2017, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the redemption date. Interest on the Debentures will cease to accrue on and after the redemption date.
The Notice of Redemption was sent to all registered holders today, May 3, 2017. Investors in the Debentures should contact the bank or broker through which they hold a beneficial interest in the Debentures for information about obtaining the redemption payment.
This press release does not constitute a notice of redemption of the Debentures and is not an offer to sell or a solicitation of an offer to buy any securities.
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $28 billion in 2016. For more information, visit www.travelers.com.
All statements in this press release, other than statements of historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results of matters addressed in these forward-looking statements involve risks and uncertainties and may differ substantially from those expressed or implied. Some of the factors that could cause actual results to differ are discussed under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s most recent Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 16, 2017, as updated by our periodic filings with the SEC. The forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update any forward-looking statements.