W. R. Berkley Corporation’s $300 Million Subordinated Debt Offering

Willkie represented W. R. Berkley Corporation in the offering.

W. R. Berkley Corporation (NYSE: WRB) priced an offering of $300 million aggregate principal amount of 5.10% Subordinated Debentures due 2059. The offering closed on December 16. The Debentures will trade on the New York Stock Exchange under the symbol “WRB PR F.”

Morgan Stanley, BofA Securities, UBS Investment Bank and Wells Fargo Securities are joint book-running managers of the offering.

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.

The Willkie team was led by partner Jeffrey Hochman (Picture) and associates Amanda Burke and Kevin Tarsa.

Involved fees earner: Amanda Burke – Willkie Farr & Gallagher; Jeffrey Hochman – Willkie Farr & Gallagher; Kevin Tarsa – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: W. R. Berkley Corporation;

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Author: Ambrogio Visconti