Maiden raises $110mn from debt markets

Maiden Holdings has closed a $110mn offering of 6.625 percent
notes, the company said today.
The Bermudian reinsurer said that it would use the net proceeds
of $106.3mn for general corporate purposes which may include the
repayment of $107.5mn of outstanding debt. This outstanding debt
carries a coupon of 8.25 percent.
Bank of America Merrill Lynch, Morgan Stanley and Wells Fargo
acted as joint book-running managers. Keefe, Bruyette & Woods
acted as senior lead manager, with FBR, JMP Securit