Date: Thu, 18 Dec 1997 10:39:59 GMT
Server: Stronghold/1.3.4 Ben-SSL/1.3 Apache/1.1.3
Content-type: text/html
Content-length: 1968
Last-modified: Wed, 04 Sep 1996 02:55:00 GMT
M
MU
MUT
MUTR
MUTRI
MUTRIS
MUTRISK
MUTRISK P
MUTRISK Pr
MUTRISK Pre
MUTRISK Pres
MUTRISK Press
MUTRISK Press
MUTRISK Press R
MUTRISK Press Re
MUTRISK Press Rel
MUTRISK Press Rele
MUTRISK Press Relea
MUTRISK Press Releas
MUTRISK Press Release
Hamilton, Bermuda, October 30, 1995.
Convertible Debt Offering Completed.
Mutual Risk Management Ltd. (NYSE:MM) today announced that it had completed the
previously announced offering its Zero Coupon Convertible Exchangeable Subordinated Debentures
due 2015. The aggregate principal amount of the Debentures sold was $324,300,000. The net
proceeds to Mutual Risk from the offering are approximately $112,000,000 after expenses. The
Debentures carry a yield to maturity of 5.25% per annum and are convertible after 60 days into
8.0698 Mutual Risk common shares per $1,000 principal amount at maturity.
The Debentures were sold in a private placement offering, to certain qualified investors and
overseas persons. The Debentures have not been and will not be registered under the United States
Securities Act of 1933 and may not be offered or sold in the United States absent registration or an
exemption from registration requirements under such Act.
Mutual Risk Management Ltd.
P.O. Box HM 2064, 44 Church Street
Hamilton HM HX, Bermuda
Tel: (441) 295-5688 Fax: (441) 292-1867