PartnerRe: Closing Of Senior Notes Offering

June 20, 2019 | 0 Comments

Bermuda-based PartnerRe Ltd. announced that its subsidiary, PartnerRe Finance B LLC [PRE Finance B], has closed its previously announced offering of $500 million aggregate principal amount of 3.70% Senior Notes due July 2, 2029.

The Notes are senior unsecured obligations of PRE Finance B and are fully and unconditionally guaranteed by PartnerRe.

As previously announced, PRE Finance B intends to use the net proceeds from the offering of the Notes to redeem all $500 million in aggregate principal amount of its outstanding 5.50% Senior Notes due 2020.

In that regard, PartnerRe also announced today that PRE Finance B has delivered to all registered holders of its 2020 Notes a notice of redemption to redeem all of the outstanding 2020 Notes at a make-whole redemption price, calculated in accordance with the indenture governing the 2020 Notes.

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