Firm Advises on PartnerRe’s $500 Million Debt Offering

March 11, 2010

Willkie serves as counsel to the underwriters led by joint bookrunners BoA Merrill Lynch, Barclays Capital and Credit Suisse.

On March 10, 2010, PartnerRe Ltd. announced that it priced, through its indirectly wholly owned subsidiary PartnerRe Finance B LLC, $500 million of 10-year fixed rate 5.50% Senior Notes, pursuant to its currently effective shelf registration statement. Willkie served as counsel to the underwriters led by joint bookrunners BoA Merrill Lynch, Barclays Capital and Credit Suisse. The notes will be fully and unconditionally guaranteed by PartnerRe Ltd. and will have a maturity of June 1, 2020. PartnerRe intends to use the proceeds for general corporate purposes. PartnerRe is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The transaction was handled by partner Jeffrey Hochman; of counsel Martin Miller;  and associates Melinda Wang, Peter Agnetti and Tonisha Calbert.