Willkie represented global insurance holding company W. R. Berkley Corporation in its $300 million offering of 5.10% Subordinated Debentures Due 2059.
On December 9, longtime Willkie client W. R. Berkley Corporation (NYSE: WRB) announced that it priced an offering of $300 million aggregate principal amount of 5.10% Subordinated Debentures due 2059. The offering closed on December 16. The Debentures will trade on the New York Stock Exchange under the symbol “WRB PR F.” Morgan Stanley, BofA Securities, UBS Investment Bank and another financial institution are joint book-running managers of the offering.
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 & Monoline Excess.
The deal was led by partner Jeffrey Hochman and associates Amanda Burke and Kevin Tarsa.