Arch Capital Group (ACGL) said late Tuesday it has priced its offering of $600 million of 5.25% senior notes due 2036 and $1.4 billion of 5.95% senior notes due 2056.

The company said it intends to use the net proceeds to redeem, repurchase, repay or otherwise retire the outstanding $500 million of 4.011% senior notes due 2026 issued by Arch Finance, fund the tender offers through its wholly-owned subsidiaries for 5.144% senior notes due 2043 and Arch Finance's 5.031% senior notes due 2046, and for general corporate purposes.

The offering is expected to close on June 9, subject to customary closing conditions, the company added.