AXIS Capital’s $350 Million Registered Senior Notes Offering


Cravath represented the underwriters, led by Credit Suisse, Barclays, Citigroup and HSBC, in connection with the $350 million registered senior notes offering of AXIS Specialty Finance PLC, an indirect wholly owned subsidiary of AXIS Capital Holdings Limited, a provider of a broad range of specialty reinsurance.

AXIS Capital Holdings Limited, led by Albert A. Benchimol, Joseph Christopher Henry, Peter W. Wilson and Christopher N. DiSipio, is based in Bermuda.

The notes were listed on the Bermuda Stock Exchange. The transaction closed on December 6, 2017.

The Cravath team included partner Andrew J. Pitts (Picture) and associate Virginia M. Anderson. Tyler J. Cook also worked on this matter.

Involved fees earner: Andrew Pitts – Cravath Swaine & Moore; Virginia Anderson – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Barclays Bank; Citigroup Inc.; Credit Suisse; HSBC;

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Author: Ambrogio Visconti