Bermuda-based reinsurer Everest Re Group, Ltd. has announced that its wholly-owned subsidiary, Everest Reinsurance Holdings, Inc., priced a registered public offering of $1 billion aggregate principal amount of 3.125% Senior Notes due 2052.
Everest Reinsurance Holdings expects the offering to close on October 4th, 2021, subject to customary closing conditions.
The net proceeds from this capital raise through the sale of debt to investors, will be used for general corporate purposes, and in line with the firm’s strategic objectives.
