Simpson Thacher represented the underwriters, led by Barclays Capital Inc. and UBS Securities LLC, in the issuance of $400 million in aggregate principal amount of 6.45% Senior Notes due 2019 by Reinsurance Group of America, Incorporated.
The net proceeds of the offering are being used for general corporate purposes.
Reinsurance Group of America, Incorporated is among the largest global providers of life reinsurance with subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, the Netherlands, Poland, South Africa, South Korea, Spain, Taiwan, the United Kingdom and the United States. Worldwide, the company has approximately $2.3 trillion of life reinsurance in force, and assets of $24.2 billion.
The Simpson Thacher team included Gary Horowitz, Grenfel S. Calheiros, Ana Navia, Parijat Sharma and John Pitts (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Amie Broder (Tax); and Andrew Pagliughi (Blue Sky).