AXIS Specialty Finance LLC’s $300 Million Senior Notes Offering


Simpson Thacher and Conyers Dill & Pearman Limited represented AXIS Specialty Finance LLC (“AXIS Finance”) in connection with its registered offering of $300 million of its 3.9% Senior Notes due 2029.

AXIS Finance intends to use the net proceeds from the offering to repay existing indebtedness.

AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at March 31, 2019 of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada, and Latin America.

The Simpson Thacher team included Lesley Peng (Picture), Risë Norman, Evan Zuckerman and Arielle Trapp (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Abigail Hopper (Tax); and Joo Hyun Lee (Executive Compensation & Employee Benefits). Summer Associate Ricky Legg also provided valuable assistance.

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett; Ricky Legg – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett; Lesley Peng – Simpson Thacher & Bartlett; Arielle Trapp – Simpson Thacher & Bartlett; Evan Zuckerman – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: AXIS Specialty Finance;

Author: Ambrogio Visconti