RenaissanceRe (RNR) Prices $750M Notes Offering

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Go back to RenaissanceRe (RNR) Prices $750M Notes Offering

RenaissanceRe Holdings Ltd. Announces Pricing of $750 Million Senior Notes Offering

May 31, 2023 6:29 PM EDT

PEMBROKE, Bermuda--(BUSINESS WIRE)-- RenaissanceRe Holdings Ltd. (NYSE: RNR) (RenaissanceRe or the Company) announced today that it has agreed to sell in an underwritten public offering $750 million aggregate principal amount of 5.750% Senior Notes due 2033. The Company expects to close the offering on or about June 5, 2023, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration for the previously announced acquisition of certain subsidiaries of American International Group, Inc., including Validus Holdings, Ltd., Validus Specialty, LLC and Validus Reinsurance... More