UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 19, 2007
HCC INSURANCE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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001-13790
(Commission File
Number)
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76-0336636
(IRS Employer
Identification No.) |
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13403 Northwest Freeway
Houston, Texas
(Address of principal executive offices)
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77040-6094
(Zip Code) |
Registrant’s telephone number, including area code: (713) 690-7300
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
We announced today that we have commenced a proposed offering of an aggregate of $300 million in
principal amount of senior notes due 2017 to qualified institutional buyers pursuant to Rule 144A
under the U.S. Securities Act of 1933, as amended, and to persons outside of the United States
under Regulation S under the Securities Act, subject to market and other conditions. The Notes will
be senior unsecured obligations and will rank pari passu with all of our other senior obligations.
We expect that the net proceeds from the sale of the notes would be approximately $297.7 million
and plan to use these net proceeds to redeem all $170.3 million of our 2.00% convertible notes in
October 2007 and to repay all $40.0 million of indebtedness under our revolving credit facility,
with the remainder for general corporate purposes.
The notes will not be registered under the Securities Act or the securities laws of any other
jurisdiction and may not be offered or sold unless so registered except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act and
applicable securities laws in other jurisdictions. The press release announcing the proposed
offering shall not constitute an offer to sell or the solicitation of an offer to buy the notes nor
shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale
is unlawful. The press release is being issued pursuant to and in accordance with Rule 135c under
the Securities Act and a copy of this press release is attached hereto as Exhibit 99.1 and
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
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Exhibit |
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99.1
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Press Release Announcing Offering dated September 19, 2007 |