December 8, 2020

Willkie represented The Allstate Corporation in its offering of $1.2 billion of 5-year and 10-year senior notes.

On November 19, 2020, Willkie client The Allstate Corporation (NYSE: ALL) priced $1.2 billion of 5-year and 10-year senior notes through a syndicate exclusively comprised of minority-owned, women-owned and veteran-owned business enterprises (MWVBEs). This is the first time a corporate bond offering of this size has been managed exclusively by MWVBEs.

The $1.2 billion offering of 5-year and 10-year senior notes will fund a portion of Allstate’s $4 billion National General acquisition, expected to close in early 2021. Willkie also advised Allstate in connection with the acquisition.

Loop Capital Markets, Academy Securities, Ramirez & Co. Inc. and Siebert Williams Shank were joint bookrunning managers of the offering. AmeriVet Securities, Cabrera Capital Markets LLC, C.L. King & Associates, Penserra Securities LLC and R. Seelaus & Co., LLC were co-managers of the offering.

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