August 2019

GC Securities Purchases $100M of 5.75% Surplus Notes Due 2039

United States - Iowa

GC Securities, a division of MMC Securities LLC, purchased $100 million aggregate principal amount of 5.75% surplus notes due 2039 offered by Employers Mutual Casualty Company. Our firm represented GC Securities in the transaction, in reliance on Rule 144A.

The issuance of the notes was approved by the Insurance Commissioner of the Iowa Insurance Division. The notes are callable after 10 years.

 

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