RenaissanceRe Holdings Ltd. Announces Pricing of $750 Million Senior Notes Offering
RenaissanceRe Holdings Ltd. (RNR)
Last renaissancere holdings ltd. earnings: 2/4 05:23 pm
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renre.com
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Source: Business Wire
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 Ltd. (the “Validus Acquisition”), to pay related costs and expenses, and for general corporate purposes.The senior notes are expected to be rated A3 by Moody’s Investors Service, BBB+ by Standard & Poor’s, and A- by Fitch Ratings. Morgan Stanley, Barclays, HSBC, Wells Fargo Securities, and BofA Securities served
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- RenaissanceRe Holdings Ltd. (NYSE: RNR) had its price target raised by analysts at Evercore ISI from $213.00 to $216.00. They now have an "underperform" rating on the stock.MarketBeat
- RenaissanceRe Holdings Ltd. (NYSE: RNR) had its price target raised by analysts at JPMorgan Chase & Co. from $204.00 to $237.00. They now have a "neutral" rating on the stock.MarketBeat
- RenaissanceRe Schedules First Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
RNR
Earnings
- 1/30/24 - Beat
RNR
Sec Filings
- 3/26/24 - Form ARS
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- RNR's page on the SEC website