AM Best has assigned a Long-Term Issue Credit Rating of 'a+' (Excellent) to
The notes will be guaranteed by
Chubb announced a definitive agreement on
Net proceeds from this offering will be used to fund a portion of the acquisition purchase price and related expenses; the remainder of the net proceeds from this offering is for general corporate purposes, which includes repayment of future maturities of outstanding indebtedness.
Immediately following the senior unsecured notes issuance, Chubb's pro forma financial leverage and coverage measures will deteriorate slightly but remain well supportive of the assigned rating.
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