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BRIEF-Progressive Corp announces public offering of $850 mln of senior notes
April 3, 2017 / 9:26 PM / 6 months ago

BRIEF-Progressive Corp announces public offering of $850 mln of senior notes

April 3 (Reuters) - Progressive Corp -

* Progressive announces public offering of $850 million of senior notes

* Pricing of $850 million aggregate principal amount of its 4.125% senior notes due 2047

* Notes were priced at 99.879% of par

* Intend to use portion of proceeds from sale of notes to redeem all 6.70% fixed-to-floating rate junior subordinated debentures due 2067 Source text for Eikon: Further company coverage:

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