Everest Re: Public Offering Of $1B Senior Notes
Everest Re Group, Ltd. announced the pricing of an offering of $1 billion senior notes.
A spokesperson said, “Everest Re Group, Ltd. announced today that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc. priced a registered public offering of $1.0 billion aggregate principal amount of 3.500% Senior Notes due 2050 of Holdings
“Holdings anticipates that the offering will close on October 7, 2020, subject to customary closing conditions, and plans to use the net proceeds from the Notes for general corporate purposes.
“Wells Fargo Securities, LLC, Citigroup Global Markets Inc. and HSBC Securities [USA], Inc. are acting as joint book-running managers for the offering.”
