-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FOE5QvlBzFU8QCvfXwyG0VjOy0JwEoT8so22JwoDqo6qERk72ZNLkZSisGCDBO8U WdNCh27/oa7PUoWOWk5/pw== 0000060086-09-000046.txt : 20091109 0000060086-09-000046.hdr.sgml : 20091109 20091109162356 ACCESSION NUMBER: 0000060086-09-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091109 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091109 DATE AS OF CHANGE: 20091109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOEWS CORP CENTRAL INDEX KEY: 0000060086 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 132646102 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06541 FILM NUMBER: 091168697 BUSINESS ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10065-8087 BUSINESS PHONE: 212-521-2000 MAIL ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10065-8087 8-K 1 lc_body.htm LOEWS CORPORATION FORM 8-K lc_body.htm
 



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:
     
November 9, 2009

(Date of earliest event reported):
     
November 9, 2009




LOEWS CORPORATION
(Exact name of registrant as specified in its charter)



   
Delaware
   
1-6541
   
13-2646102
(State or other jurisdiction of
   
(Commission
   
(I.R.S. Employer
incorporation or organization)
   
File Number)
   
Identification No.)



667 Madison Avenue, New York, N.Y.    
10065-8068
(Address of principal executive offices)    
(Zip Code)


Registrant’s telephone number, including area code:   
(212) 521-2000



NOT APPLICABLE
(Former name or former address, if changed since last report.)



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):

[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 
1

 


Item 7.01
Regulation FD Disclosure.
 

The Registrant’s subsidiary, CNA Financial Corporation (“CNA”), issued a press release today announcing that it had priced an offering of $350 million principal amount of its 7.35%, ten year senior notes. The offering is expected to close on November 13, 2009. CNA has stated that it intends to use the net proceeds to redeem $250 million, plus accrued and unpaid dividends thereon, of its 2008 Senior Preferred Stock held by the Registrant, with the remainder of the net proceeds available for general corporate purposes. The redemption of the 2008 Senior Preferred Stock is subject to CNA’s successful completion of the offering, as well as other customary conditions.

A copy of the press release is attached as Exhibit 99.1.

The information under Item 7.01 and in Exhibit 99.1 in this Current Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information under Item 7.01 and in Exhibit 99.1 in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

Item 9.01
Financial Statements and Exhibits.
 

(a)
Not applicable.
(b)
Not applicable.
(c)
Exhibit:


Exhibit Reference
         
           
 
Number
     
Exhibit Description
   
   
99.1
CNA Financial Corporation press release, issued November 9, 2009.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


   
LOEWS CORPORATION
   
(Registrant)
   
   
   
   
   
   
Dated:  November 9, 2009
By:
/s/ Gary W. Garson
   
 
Gary W. Garson
   
 
Senior Vice President
   
General Counsel
   
and Secretary


 
2

 

EX-99.1 2 exb_cnapr.htm EXHIBIT 99.1 CNA PRESS RELEASE exb_cnapr.htm
Exhibit 99.1



FOR IMMEDIATE RELEASE


CONTACT:
 
MEDIA:
Katrina W. Parker, 312/822-5167
Sarah J. Pang, 312/822-6394
 
 
 
        
 
 
 
 
 
ANALYSTS:
Nancy M. Bufalino, 312/822-7757
Maria Hotza, 312/822-4278
David C. Adams, 312/822-2183


CNA FINANCIAL PRICES $350 MILLION OFFERING OF SENIOR NOTES

CHICAGO, November 9, 2009 -- CNA Financial Corporation (NYSE: CNA) today announced that it has priced $350 million aggregate principal amount of 7.35% ten-year senior notes in a public offering underwritten by Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC.   The notes were offered at 99.887% of the principal amount with a yield to maturity of 7.366%.  CNA expects the offering to close on November 13, 2009.

CNA intends to use the net proceeds from the offering to redeem $250 million, plus accrued and unpaid dividends thereon, of CNA’s outstanding 2008 Senior Preferred Stock held by Loews Corporation, the owner of 90% of CNA’s common stock, with the remainder available for general corporate purposes. The redemption of the 2008 Senior Preferred Stock is subject to CNA’s successful completion of this offering, as well as other customary conditions.

This press release does not constitute an offer to sell or a solicitation of an offer to purchase any securities.  An electronic copy of the final prospectus supplement and accompanying base prospectus will be available from the Securities and Exchange Commission’s website at www.sec.gov. In addition, a copy of the final prospectus supplement and accompanying base prospectus relating to this offering may also be obtained, when available, from:

·  
Citigroup Global Markets Inc., Brooklyn Army Terminal, Attn: Prospectus Dept., 140 58th Street, 8th floor, Brooklyn, New York 11220 or by telephone at (877) 858-5407;

·  
J.P. Morgan Securities Inc., 270 Park Avenue, 8th Floor, New York, New York 10017, Attn: High Grade Syndicate Desk, by telephone at (212) 834-4533 or by fax (212) 834-6081; or

·  
Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Syndicate Operations, by telephone at (800) 326-5897 or by email at prospectus.specialrequests@wachovia.com.


Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurer and the 13th largest property and casualty company.  CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.  CNA's services include risk management, information services, underwriting, risk control and claims administration.  For more information, please visit CNA at www.cna.com.  CNA is a registered trademark of CNA Financial Corporation.
 

 
Page 1 of  2

 

FORWARD-LOOKING STATEMENT
This press release includes statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events.  These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes”, “expects”, “intends”, “anticipates”, “estimates”, and similar expressions.  Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected.  Many of these risks and uncertainties cannot be controlled by CNA. For a detailed description of these risks and uncertainties please refer to CNA’s filings with the Securities and Exchange Commission, available at www.cna.com.

Any forward-looking statements made in this press release are made by CNA as of the date of this press release.  Further, CNA does not have any obligation to update or revise any forward-looking statement contained in this press release, even if CNA’s expectations or any related events, conditions or circumstances change.

# # #

 
 
Page 2 of  2

 

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