W. R. Berkley’s $175 Million Hybrid Bond Offering

Willkie client W. R. Berkley Corporation completed its offering of $175 million aggregate principal amount of 5.70% subordinated debentures due 2058. W. R. Berkley intends to use the net proceeds from this offering for general corporate purposes.

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. The company, led by William Robert Berkley, William Robert Berkley Jr and Shasi Gangadharan, in 2017 recorded $7.684 Billion Revenues.

The deal was handled by partner Jeffrey Hochman (Picture) and associates Frances Dales and David Lee.

Involved fees earner: Jeffrey Hochman – Willkie Farr & Gallagher; Frances Dales – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: W. R. Berkley Corporation;

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Author: Ambrogio Visconti