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Published on 9/8/2021 in the Prospect News Investment Grade Daily.

W.R. Berkley will offer 40-year fixed-rate senior notes

Chicago, Sept. 8 – W.R. Berkley Corp. is readying a sale of fixed-rate senior notes with a 40-year tenor, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and a par call six months before the maturity date.

BofA Securities, Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are underwriting the offering.

Willkie Farr & Gallagher LLP is advising the issuer regarding legal matters.

Proceeds will be used for general corporate purposes.

W.R. Berkley is a Greenwich, Conn.-based insurance holding company.


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