Company: AHL
Filing Date: 2025-06-09
Form Type: 424B5
Source: 0001628280-25-030114
Chunk: 14

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-06-09
Form: 424B5
Chunk 14
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 debt, pay dividends on or purchase or redeem capital stock, sell assets (other than certain restrictions on our ability to consolidate, merge or sell all or substantially all of our assets and our ability to sell the stock of certain subsidiaries), enter into transactions with affiliates, create liens (other than certain limitations on creating liens on the stock of certain subsidiaries) or enter into sale and leaseback transactions, or create restrictions on the payment of dividends or other amounts to us from our subsidiaries.

We may, subject to the BMA Redemption Requirements, redeem the notes prior to the Final Maturity Date, which may adversely affect your return.

We may, at our option, redeem some or all of the notes at any time or from time to time at the applicable redemption price and subject to the terms described in “ Description of Notes—Optional Redemption .” We may also redeem the notes in certain circumstances as described under “ Description of Notes—Redemption for Tax Purposes .” If we choose to redeem the notes, subject to the BMA Redemption Requirements, prevailing interest rates at the time of redemption may be lower than the interest rate on the notes. As a result, you may not be able to reinvest the redemption proceeds in a comparable security at an interest rate equal to or higher than the interest rate on the notes. In addition, the redemption of the notes may be a taxable event to you for U.S. federal income tax purposes.

Credit ratings of the notes may change and affect the market price and marketability of the notes.

Credit ratings are limited in scope, and do not address all material risks relating to an investment in the notes, but rather reflect only the view of each issuing rating agency at the time the rating is issued. An explanation of the significance of such rating may be obtained from the issuing rating agency. There can be no assurance that such credit ratings will remain in effect for any given period of time or that a rating will not be lowered, suspended or withdrawn entirely by the applicable rating agency, if, in such rating agency’s judgment, circumstances so warrant.

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The credit rating agencies also evaluate the industry as a whole and may change our credit rating based on their overall view of our industry. In addition, credit rating agencies continually review their methodologies, which can have direct implications for their rating and capital recognition of Tier 3 Capital (as defined herein) such as the notes, as well as their ratings generally for the companies that they follow, including us. Credit ratings are not a recommendation