Insurance holding company W. R. Berkley completed its offering of $175 million of subordinated debentures.
On March 26, Willkie client W. R. Berkley Corporation completed its offering of $175 million aggregate principal amount of 5.70% subordinated debentures due 2058. W. R. Berkley intends to use the net proceeds from this offering for general corporate purposes.
Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance.
The deal was handled by partner Jeffrey Hochman and associates Frances Dales and David Lee.