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Conyers advises RenaissanceRe Holdings Ltd. on the public offering by its subsidiary, RenaissanceRe Finance Inc.

June 2015 Michael Frith

Conyers advised RenaissanceRe Holdings Ltd. on the underwritten public offering by its subsidiary, RenaissanceRe Finance Inc, of $300 million senior notes, 3.700% due 2025 and guaranteed by RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd. intends to use the net proceeds from the offering to repay the $300 million term loan which was put in place to finance a portion of the cash consideration payable by RenaissanceRe in the acquisition of Platinum Underwriters Holdings, Ltd. The senior notes were expected to be rated A3 by Moody’s Investors Service and A by Standard & Poor’s.

The notes are being offered pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission .

Michael Frith and Carol Clarke from the Conyers Dill & Pearman Bermuda office advised on the matter.

 


Michael Frith
Director

Bermuda   +1 441 278 7969


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