Travelers’ $500 Million Notes Offering


Simpson Thacher represented The Travelers Companies, Inc. (“Travelers”) in connection with its SEC registered offering of $500 million in aggregate principal amount of 4.05% Senior Notes due 2048.

Proceeds of the offering will be used for the retirement of existing indebtedness.

Travelers is a holding company principally engaged, through its subsidiaries, in providing a wide range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The company, led by Alan David Schnitzer, Jay Steven Benet and Avrohom J Kess, in 2017 recorded $29 Billion Revenues.

The Simpson Thacher team included Mark Brod (Picture) and Eva Kang (Capital Markets); Nancy Mehlman and Pierce Pandolph (Tax); Jeanne Annarumma (ERISA); Janice Brunner (Public Company Advisory Practice); and Steven DeLott (Insurance).

Involved fees earner: Mark Brod – Simpson Thacher & Bartlett; Eva Yunjeong Kang – Simpson Thacher & Bartlett; Janice Brunner – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Travelers;