-----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, D4KDjqdWLn1sSsXr66XDNOEo9oHOpWXx+rbVjX3SoBh3OzfCj+B8KrxW5BgAFBIG JA6zeRs7B9gRGOJ9G6cK2g== 0000792854-99-000011.txt : 19990721 0000792854-99-000011.hdr.sgml : 19990721 ACCESSION NUMBER: 0000792854-99-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990716 ITEM INFORMATION: FILED AS OF DATE: 19990720 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHANDLER INSURANCE CO LTD CENTRAL INDEX KEY: 0000792854 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-15286 FILM NUMBER: 99667028 BUSINESS ADDRESS: STREET 1: 5TH FLR ANDERSON SQUARE STREET 2: PO BOX 1854 CITY: GRAND CAYMAN CAYMAN STATE: E9 ZIP: 00000 BUSINESS PHONE: 3459498177 MAIL ADDRESS: STREET 1: 5TH FLOOR ANDERSON SQUARE STREET 2: P O BOX 1854 CITY: GRAND CAYMAN STATE: E9 8-K 1 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 20, 1999 ======================================================================= 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): July 16, 1999 CHANDLER INSURANCE COMPANY, LTD. (Exact name of registrant as specified in its charter) Cayman Islands (State or jurisdiction of incorporation) 0-15286 N/A (Commission File Number) (IRS Employer Identification No.) 5th Floor Anderson Square P.O. Box 1854 Grand Cayman, Cayman Islands B.W.I. N/A (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (345) 949-8177 ============================================================================ PAGE 2 Item 5. Other Events ------------ On July 16, 1999, Chandler Insurance Company, Ltd. announced that its subsidiary Chandler (U.S.A.), Inc. ("Chandler USA") has completed a public offering of $24 million principal amount of senior debentures with a maturity date of July 16, 2014. The debentures were priced at $1,000 each with an interest rate of 8.75% and are redeemable by Chandler USA on or after July 16, 2009 without penalty or premium. The debentures have been approved for listing on the American Stock Exchange. Standard & Poor's has assigned the debentures a rating of "BBB". The proceeds to Chandler USA before expenses but after the underwriter's discount were $23.16 million. The proceeds of the offering were used to repay existing bank debt, to repay amounts owed by Chandler USA to its parent Chandler Insurance (Barbados), Ltd. (which is a subsidiary of Chandler Insurance Company, Ltd.), and for general corporate purposes. PAGE 3 SIGNATURE 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. CHANDLER INSURANCE COMPANY, LTD. Date: July 19, 1999 By: /s/ W. Brent LaGere -------------------------- W. Brent LaGere Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) -----END PRIVACY-ENHANCED MESSAGE-----