CHICAGO--(BUSINESS WIRE)-- Today, CNA Financial Corporation (NYSE: CNA) announced the completion of its previously announced public offering of $500 million aggregate principal amount of 5.875% ten-year senior notes. CNA used all of the net proceeds from the offering, estimated to be approximately $494 million, together with cash on hand, to redeem $500 million, plus accrued and unpaid dividends thereon, of its 2008 Senior Preferred Stock held by Loews Corporation, the owner of approximately 90% of CNA’s common stock. Following this redemption, $500 million of the 2008 Senior Preferred Stock remains outstanding.

Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurer and the 13^th 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.

CONTACT:

CNA Financial Corporation
Media:
Katrina W. Parker, 312/822-5167
Sarah J. Pang, 312/822-6394
or
Analysts:
Nancy M. Bufalino, 312/822-7757
Marie Hotza, 312/822-4278
David C. Adams, 312/822-2183

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:   Professional Services  Finance  Insurance

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