For media enquiries, please contact email@example.com
Conyers provided Bermuda law advice to AXIS Capital Holdings Limited (NYSE: AXS) on its offering of US$200 million of its 5.5% Series D Preferred Shares. The offering was made pursuant to an effective shelf registration statement and closed on 20 May 2013. In addition, AXIS Capital granted a 30-day option to the underwriters to buy up to 1.2 million additional Series D Preferred Shares. The proceeds from this US$200 million issuance were deployed to redeem the outstanding Series A preferred securities of AXIS Capital and for general corporate purposes, including share buybacks.
Conyers worked alongside Simpson Thacher & Bartlett LLP. Cravath, Swaine & Moore LLP acted for the underwriters.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at 31 March 2013 of US$5.9 billion and locations in Bermuda, the United States, Europe, Singapore, Canada, Australia and Latin America.
The Conyers’ team was made up of Graham Collis, Jason Piney and Chiara Nannini.