HARTFORD, Conn., Feb. 20 /PRNewswire-FirstCall/ -- The Hartford Financial
Services Group, Inc. (NYSE: HIG) today announced that it is extending its
exchange offer regarding its 4.625 percent senior notes due 2013 issued on
July 10, 2003, which were not registered under the Securities Act of 1933 (the
"Old Notes"), to 5:00 p.m. (EST) on Wednesday, February 25, 2004, unless
further extended by The Hartford.
In the exchange offer, The Hartford is offering to exchange its 4.625
percent senior notes due 2013 in aggregate principal amount of $320 million,
which are registered under the Securities Act of 1933 (the "New Notes"), for
any and all of the Old Notes.
The exchange offer was originally scheduled to expire at 5:00 p.m. (EST)
on February 20, 2004. As of the close of business on February 20, 2004,
$319,953,000 in aggregate principal amount of the Old Notes have been
confirmed as tendered in exchange for a like principal amount of the New
Notes.
The Old Notes may not be offered or sold except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933 and the applicable state securities laws. This press
release shall not constitute an offer to sell or solicitation of an offer to
buy, nor shall there be any sale of the Old Notes or the New Notes in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
The Hartford is one of the nation's largest investment and insurance
companies, with 2003 revenues of $18.7 billion. The company is a leading
provider of investment products, life insurance and group benefits; automobile
and homeowners products; and business property-casualty insurance. The
Hartford's Internet address is http://www.thehartford.com.
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of 1995.
We caution investors that these forward-looking statements are not guarantees
of future performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may cause actual
results to differ. These important risks and uncertainties include those
discussed in our Quarterly Reports on Form 10-Q, our 2002 Annual Report on
Form 10-K and the other filings we make with the Securities and Exchange
Commission. We assume no obligation to update this release, which speaks as
of the date issued.
Contact(s):
Media Investors
Cynthia Michener Hans Miller
860/547-5624 860/547-2751
cynthia.michener@thehartford.com hmiller@thehartford.com
Josh King Mike Lesperance
860/547-2293 860/547-6781
joshua.king@thehartford.com michael.lesperance@thehartford.com
SOURCE The Hartford Financial Services Group, Inc.
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Related links:
http://www.thehartford.com
CONTACT:
Cynthia Michener, +1-860-547-5624,
cynthia.michener@thehartford.com, or Hans Miller,
+1-860-547-2751, hmiller@thehartford.com, or Josh King,
+1-860-547-2293, joshua.king@thehartford.com, or Mike Lesperance,
+1-860-547-6781, michael.lesperance@thehartford.com all of The
Hartford
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