Ameriprise launches $250M offer for senior notes

By Associated Press
July 1, 2009 | Comments (0)

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Ameriprise Financial Inc. on Wednesday said it has launched a cash tender offer to buy up to $250 million of its 5.35 percent senior notes due Nov. 15, 2010.

The fixed-price offer is scheduled to expire on July 29, unless extended.

The Minneapolis-based financial advisory company said it has retained Goldman Sachs to serve as lead dealer manager for the tender offer, and Utendahl Capital Group to serve as the co-dealer manager.

Ameriprise shares rose 34 cents to $24.61 in morning trading.

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