WOODLAND HILLS, Calif., Jul 8, 2004 (BUSINESS WIRE) — 21st Century Insurance (NYSE:TW) announced today that its offer to exchange up to $100,000,000 of its outstanding 5.90% Senior Notes Due 2013 for an equal amount of new 5.90% Senior Notes Due 2013 registered under the Securities Act of 1933, as amended, expired on July 8, 2004. All of the outstanding Series Notes were tendered in the exchange.
The exchange offer is described in detail in a prospectus relating to the new Senior Notes dated April 6, 2004 and is made on the terms and conditions set forth in the prospectus. The prospectus may be accessed electronically through the Web site maintained by the Securities and Exchange Commission at http://www.sec.gov or may be obtained by contacting us at:
21st Century Insurance offers personal automobile insurance in California, Arizona, Illinois, Indiana, Nevada, Ohio, Oregon and Washington. 21st Century Insurance is the seventh largest personal auto insurance company in California and insures over 1.4 million automobiles. At year-end 2003, 21st Century Insurance had $1.2 billion in net premiums written and assets totaling $1.7 billion.
SOURCE: 21st Century Insurance
21st Century Insurance Mel Spinella, 818-704-3533
21st Century Insurance
Investor Relations Department
6301 Owensmouth Ave, 11th Floor
Woodland Hills, CA 91367
Tel: (818) 673-3808