8-KOther EventsExhibits & Filings

TRAVELERS COMPANIES, INC. 8-K Report, Corporate Update (Jun 2, 2009)

Filed June 2, 2009For Securities:TRV

Summary

This 8-K filing from The Travelers Companies, Inc. (TRV) announces the issuance and sale of $500 million in aggregate principal amount of 5.90% Senior Notes due 2019. The notes were issued under an Underwriting Agreement dated May 28, 2009, with Morgan Stanley & Co. Incorporated and Banc of America Securities LLC acting as representatives for the underwriters. This debt issuance provides the company with additional capital, which could be used for various corporate purposes, including funding operations, potential acquisitions, or strengthening its balance sheet during a period of economic uncertainty. Investors should note the specific coupon rate of 5.90% and the maturity date of 2019, as these details are material to understanding the terms of the debt and the company's financial obligations.

Key Highlights

  • 1Travelers Companies, Inc. issued $500 million in aggregate principal amount of Senior Notes.
  • 2The Senior Notes have a coupon rate of 5.90% and mature in 2019.
  • 3The issuance occurred on May 28, 2009, under an Underwriting Agreement.
  • 4Morgan Stanley & Co. Incorporated and Banc of America Securities LLC acted as representatives for the underwriters.
  • 5This filing is an 8-K Current Report, indicating a material event.
  • 6The company also filed a Prospectus Supplement on May 29, 2009, providing further details.
  • 7The filing includes an exhibit for the Underwriting Agreement.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the material event of The Travelers Companies, Inc. entering into an Underwriting Agreement to issue and sell $500 million of its 5.90% Senior Notes due 2019.

The Senior Notes have an aggregate principal amount of $500,000,000, carry a fixed interest rate of 5.90% per annum, and mature on the year 2019.

The filing does not explicitly state the intended use of the proceeds. However, such issuances typically provide capital for general corporate purposes, which can include funding operations, strategic investments, acquisitions, or strengthening the company's financial position.

The Underwriting Agreement was entered into with Morgan Stanley & Co. Incorporated and Banc of America Securities LLC, who are acting as the representatives for the several underwriters named in Schedule 1 of the Agreement.