PEMBROKE, Bermuda — PartnerRe Ltd. (“PartnerRe”) introduced right now that its subsidiary, PartnerRe Finance B LLC (“PRE Finance B”), has priced a registered public providing in america of $500 million combination principal quantity of three.700% Senior Notes due July 2, 2029 (the “Notes”). The Notes have been priced at 99.783% of par. Closing of the providing of the Notes is anticipated to happen on June 19, 2019, topic to customary closing situations. The Notes can be senior unsecured obligations of PRE Finance B and are absolutely and unconditionally assured by PartnerRe.
PRE Finance B intends to make use of the web proceeds in direction of the redemption of its excellent $500 million combination principal quantity 5.500% Senior Notes due 2020.
Citigroup World Markets Inc., Credit score Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC and HSBC Securities (USA) Inc. are the joint book-running managers for the providing. BMO Capital Markets Corp., Barclays Capital Inc., Credit score Suisse Securities (USA) LLC and nabSecurities, LLC are the co-managers for the providing.
This press launch is for informational functions solely and doesn’t represent a proposal to promote or a solicitation of a proposal to purchase, nor shall there be any sale of any of the securities described herein in any jurisdiction by which such supply, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. The securities being provided haven’t been accepted or disapproved by any regulatory authority, nor has any such authority handed upon the accuracy or adequacy of the prospectus complement or the shelf registration assertion or prospectus.
PartnerRe has filed a registration assertion (together with a prospectus and a associated preliminary prospectus complement) with the U.S. Securities and Change Fee (“SEC”) for the providing to which this communication relates. Earlier than you make investments, you need to learn the preliminary prospectus complement and prospectus in that registration assertion and different paperwork that PartnerRe has filed with the SEC for extra full details about PartnerRe and this providing. It’s possible you’ll get these paperwork without spending a dime by visiting EDGAR on the SEC’s web site at http://www.sec.gov (http://www.sec.gov). Alternatively, copies of the preliminary prospectus complement and accompanying prospectus for the providing could also be obtained by contacting Citigroup World Markets Inc. toll-free at 1-800-831-9146, Credit score Agricole Securities (USA) Inc. toll-free at 1-866-807-6030, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 or HSBC Securities (USA) Inc. toll-free at 1-866-811-8049.
This press launch could comprise forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended, and that are made pursuant to the protected harbor provisions of america Personal Securities Litigation Reform Act of 1995. These statements are primarily based on the beliefs and assumptions of our administration. Typically, forward-looking statements embody data regarding doable or assumed future actions, occasions or our outcomes of operations. Ahead-looking statements are topic to vital enterprise, financial and aggressive dangers and uncertainties that might trigger precise outcomes to vary, probably materially, from these mirrored in such forward-looking statements. Ahead-looking statements usually are not ensures of efficiency. We warning that undue reliance shouldn’t be positioned on any forward-looking statements, which communicate solely as of the date of this press launch. We don’t undertake any obligation or duty to replace any of those forward-looking statements to mirror occasions or circumstances after the date of this press launch or to mirror precise outcomes. Further elements which will have an effect on future outcomes and situations are described in our filings with the SEC, together with our Annual Report on Kind 20-F for the 12 months ended December 31, 2018.
PartnerRe Ltd. is a number one international reinsurer that helps insurance coverage corporations scale back their earnings volatility, strengthen their capital and develop their companies by way of reinsurance options. Dangers are underwritten on a worldwide foundation by way of the Firm’s three segments: P&C, Specialty, and Life and Well being.
Media: Celia Powell
Traders: Ryan Lipschutz