Willkie represented the underwriters in the public offering.
On September 22, Arch Capital Group Ltd., a Bermuda public company limited by shares, entered into a purchase agreement whereby Arch agreed to sell 18 million depositary shares, each representing 1/1,000th interest in a share of 5.25% non-cumulative preferred shares, series E, to certain underwriters for sale to institutional and retail investors. On September 29, Arch and the underwriters closed on the purchase agreement for $436.5 million. Willkie represented the underwriters in the public offering.
Arch Capital Group Ltd., a Bermuda-based company with approximately $7.6 billion in capital, provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries.
The deal team was led by partners David Boston and Manuel Miranda.