-----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, RjjoOqd+Hk0f4miueTcGUaz50tYR54Sq/oxRWtRotPGz6KtA3P6y0JV53cf609BT rw2881Sh52/1vXGI5xo1uQ== 0001047469-06-004989.txt : 20060412 0001047469-06-004989.hdr.sgml : 20060412 20060412111421 ACCESSION NUMBER: 0001047469-06-004989 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060412 DATE AS OF CHANGE: 20060412 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NAVIGATORS GROUP INC CENTRAL INDEX KEY: 0000793547 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 133138397 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-129665 FILM NUMBER: 06755051 BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2122442333 MAIL ADDRESS: STREET 1: ONE PENN PLAZA 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NAVIGATORS GROUP INC CENTRAL INDEX KEY: 0000793547 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 133138397 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2122442333 MAIL ADDRESS: STREET 1: ONE PENN PLAZA 55TH FL CITY: NEW YORK STATE: NY ZIP: 10119 FWP 1 a2169346zfwp.htm FWP

Filed Pursuant to Rule 433
Registration No. 333-129665
Free Writing Prospectus dated April 11, 2006

$125,000,000 10-Year

GRAPHIC

7.00% Senior Notes Due May 1, 2016
Final Terms and Conditions

Issuer:   The Navigators Group, Inc.    
Ratings:   Baa3/BBB    
Note type:   Senior Notes    
Minimum denomination:   $2,000 × $1,000    
Trade date:   April 11, 2006    
Settlement date:   April 17, 2006 (T+3)    
Maturity date:   May 1, 2016    
Total principal amount:   $125,000,000    
Treasury benchmark:   UST 4.500% due February 15, 2016    
Treasury price:   96–22 (4.928%)    
Semi-annual coupon:   7.00%    
Public offering price:   99.618%    
Gross spread:   0.650%    
Price to issuer:   98.968%    
All-in yield to Navigators:   7.145%    
Net proceeds to Navigators   $123,710,000    
Redemption Feature:   T+40 Make Whole Call    
Interest payment dates:   (1st payment November 1, 2006)
May 1 & November 1		    
Day count:   30/360 Semi-Annual    
CUSIP:   638904AA0    
ISIN:   US638904AA02    
Joint Bookrunners:   Credit Suisse
JPMorgan		    
Co Managers:   LaSalle Capital Markets
Keefe, Bruyette & Woods, Inc.		    

The Navigators Group, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents Navigators has filed with the SEC for more complete information about Navigators and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. The file number for Navigators' registration statement is 333-129665. Alternatively, Navigators, any underwriter or any dealer participating in this offering will arrange to send you the applicable prospectus if you request it by calling toll-free in the United States 1-800-221-1037.


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