Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, in the issuance of $400 million in aggregate principal amount of 5.00% Senior Notes due 2021 by Reinsurance Group of America, Incorporated (“RGA”).
The net proceeds of the offering are being used to fund the payment of RGA’s $200 million 6.75% senior notes that mature in December 2011 and 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 $2.6 trillion of life reinsurance in force, and assets of $29.5 billion.
The Simpson Thacher team included Gary Horowitz, Reece Hunt and Richard Wang (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Amie Broder (Tax); and Andrew Pagliughi (Blue Sky).