PartnerRe Prices Offering Of $500M Senior Notes
Bermuda-based PartnerRe Ltd. announced that its subsidiary, PartnerRe Finance B LLC [PRE Finance B], has priced a registered public offering in the United States of $500 million aggregate principal amount of 3.700% Senior Notes due July 2, 2029.
The Notes were priced at 99.783% of par. Closing of the offering of the Notes is expected to occur on June 19, 2019, subject to customary closing conditions. The Notes will be senior unsecured obligations of PRE Finance B and are fully and unconditionally guaranteed by PartnerRe.
PRE Finance B intends to use the net proceeds towards the redemption of its outstanding $500 million aggregate principal amount 5.500% Senior Notes due 2020.
