Zenith National Insurance Completes Sale of Notes
Zenith National Insurance Corp., a Woodland Hills-based insurer, said it completed the public sale of $75 million of senior notes that it will partly use to refinance existing debt.
Proceeds from the offering of the 10-year, 9% notes will be used to retire bank debt, redeem certain other Zenith notes outstanding and for working capital and other general purposes, the company said.
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