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Conyers advises AXIS Capital Holdings Limited on its US$550 million offering

Conyers advised AXIS Capital Holdings Limited (“AXIS Capital”) in connection with its public offering of 22,000,000 depositary shares, each representing a 1/100th interest in a share of AXIS Capital’s 5.5% Series E Preferred Shares, each with a liquidation preference of US$2,500 per share, representing US$550 million in aggregate liquidation preference. Proceeds from the issuance will be used to redeem US$400 million of Series C 6.875% preferred shares and for general corporate purposes.

Graham Collis, Chiara Nannini and Jason Piney of Conyers’ Bermuda office advised on the matter alongside Simpson Thacher & Bartlett LLP. Cravath, Swaine & Moore LLP acted for the underwriters.

 


Graham B.R. Collis
Director, Head of Bermuda Corporate

BERMUDA   +1 441 299 4965


Chiara T. Nannini
Director

Bermuda   +1 441 298 7859


Jason Piney
Director

Bermuda   +1 441 299 4993


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Deals & Transactions

Conyers advises AXIS Capital Holdings Limited on its US$550 million offering

Conyers advised AXIS Capital Holdings Limited (“AXIS Capital”) in connection with its public offering of 22,000,000 depositary shares, each representing a 1/100th interest in a share of AXIS Capital’s 5.5% Series E Preferred Shares, each with a liquidation preference of US$2,500 per share, representing US$550 million in aggregate liquidation preference. Proceeds from the issuance will be used to redeem US$400 million of Series C 6.875% preferred shares and for general corporate purposes.

Graham Collis, Chiara Nannini and Jason Piney of Conyers’ Bermuda office advised on the matter alongside Simpson Thacher & Bartlett LLP. Cravath, Swaine & Moore LLP acted for the underwriters.

 


Graham B.R. Collis
Director, Head of Bermuda Corporate

BERMUDA   +1 441 299 4965


Chiara T. Nannini
Director

Bermuda   +1 441 298 7859


Jason Piney
Director

Bermuda   +1 441 299 4993


 

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Bermuda


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