Alleghany (Y) Commences Senior Debt Offering

June 21, 2012 9:29 AM EDT
Alleghany Corporation (NYSE: Y) has commenced a public offering of its Senior Notes due 2022 (the "Senior Notes").

Alleghany currently expects to use the net proceeds from the sale of its Senior Notes for general corporate purposes, including, but not limited to, acquisitions, additions to working capital, capital expenditures, investments, contributions of capital to its subsidiaries and repayment of debt.

Morgan Stanley, US Bancorp and Wells Fargo Securities are acting as joint book-running managers for the Senior Notes offering.

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