Simpson Thacher represented AXIS Specialty Finance PLC (“AXIS Finance”), an indirect, wholly-owned subsidiary of AXIS Capital Holdings Limited (“AXIS Capital”), in connection with its registered offering of $350 million of its 4% Senior Notes due 2027.
AXIS Finance intends to use the net proceeds from the offering to repay existing indebtedness and for general corporate purposes.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at September 30, 2017 of $5.5 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America.
The Simpson Thacher team included Lesley Peng (Picture), John O’Connell and Loren Shokes (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and John Torrenti (Tax); and Andrew Blau, Joo Hyun Lee and Stephan Bradley (Executive Compensation & Employee Benefits).
Involved fees earner: Lesley Peng – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; John Torrenti – Simpson Thacher & Bartlett; Andrew Blau – Simpson Thacher & Bartlett; Joo Hyun Lee – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: Axis Capital Holdings Ltd.;