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mick

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mick

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Re: mick post# 3058

Saturday, 09/22/2007 6:11:39 PM

Saturday, September 22, 2007 6:11:39 PM

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HCC Insurance announces withdrawal of $300 mln senior notes offering (HCC) 28.64 -0.13 : Co announces that due to difficult capital market conditions it has decided to withdraw its proposed offering of $300 mln in aggregate principal amount of senior notes. Frank Bramanti, Chief Executive Officer of HCC, said, "The withdrawal of this offering will have no effect on the previously announced redemption of our outstanding 2.00% notes nor on our on-going operations as our cash-flow from operations and bank line of credit are sufficient to satisfy our needs."



Caspermick

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