December 14, 2006
RenaissanceRe Holdings Ltd. announces pricing of its $300 million public offering of 6.60% Series D Preference Shares.
On December 12, Willkie client RenaissanceRe Holdings Ltd. announced the pricing of its $300 million public offering of 6.60% Series D Preference Shares. RenaissanceRe anticipates using net proceeds from the offering to redeem all of its outstanding 8.10% Series A Preference Shares as soon as practicable following completion of the offering and to redeem all of its outstanding 8.54% Junior Subordinated Deferrable Interest Debentures on or as soon as practicable after March 1, 2007. RenaissanceRe is a global provider of reinsurance and insurance. The transaction was handled by partner Robert Stebbins, associates Sean Ewen and Andrew Markus, and law clerk Stephen O'Connor.