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AM Best Assigns Rating to Forthcoming Debt to Be Issued By the ...

OLDWICK, N.J.--(BUSINESS WIRE)--June 6, 2007--A.M. Best Co. has assigned an indicative rating of "bbb" to the forthcoming perpetual subordinated capital securities to be issued by the Society of Lloyd's (the Society) (United Kingdom). The outlook for the rating is positive, in line with the outlook of the issuer credit rating (ICR) on the Society. The rating of the debt issue reflects its subordination to payments in respect of the insurance liabilities of insolvent members, the existing subordinated loan notes (issued in 2004) and other unsecured senior obligations of the Society. A.M. Best anticipates that the securities will replace the annual syndicate loans in Lloyd's capital structure. This is likely to lower the cost of mutuality for the syndicate's members, whilst providing a stable resource to the Society that does not fluctuate with the insurance cycle and market capacity.


Regency Centers Sells $400 Million of Ten-Year Senior Unsecured Notes

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Regency Centers Corporation (NYSE:REG) announced today that its operating partnership, Regency Centers, L.P., completed the sale of $400 million of 5.875% ten-year senior unsecured notes under its existing shelf registration statement. The notes are due June 15, 2017 and were priced at 99.527%. Interest on the notes will be payable semiannually on June 15th and December 15th of each year, beginning on December 15, 2007. The net proceeds will be used to reduce borrowings under Regency's corporate line of credit.

JPMorgan and Wachovia Securities acted as joint bookrunning lead managers for the transaction. The co-managers were Piper Jaffray & Co., Wells Fargo Securities, PNC Capital Markets, SunTrust Capital Markets, Morgan Keegan & Co., Comerica Securities, ABN AMRO, Mizuho Securities USA, Mitsubishi UFJ Securities International, Daiwa Securities America, and RBC Capital Markets.


Regency Centers Sells $400 Mln. Of 10-Yr Senior Unsecured Notes ...

6/5/2007 2:46:03 PM Regency Centers Corp. (REG) on Tuesday said its operating partnership, Regency Centers, L.P., finalized the sale of $400 million of 5.875% ten-year senior unsecured notes under its existing shelf registration statement. The notes are due June 15, 2017 and were priced at 99.527%. The company said it would use the net proceeds to reduce borrowings under Regency's corporate line of credit.



Intertainment Media Agrees To Buy Minority Equity Interest In DC NetCast Media - Quick Facts [INT.V]

6/5/2007 2:41:43 PM Intertainment Media Inc. (INT.V) on Tuesday said it agreed to buy a minority equity interest in DC NetCast Media Inc., a privately held Toronto, Canada company with diversified holdings in both content assets and technology IP.



 

 

 

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