Bloomberg

(Bloomberg) -- Arch Capital Group Ltd. plans to issue $1.375 billion in securities in the capital markets to help fund its purchase of a mortgage insurer from American International Group Inc.

Arch could issue debt or preferred shares, or a combination of the two, the Bermuda-based company said Tuesday in a regulatory filing that also disclosed that the insurer has arranged a $1.375 billion bridge loan with Credit Suisse Group AG.

To contact the reporter on this story: Sonali Basak in New York at sbasak7@bloomberg.net. To contact the editors responsible for this story: Dan Kraut at dkraut2@bloomberg.net.

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