Simpson Thacher Represents Underwriters in $150 Million Senior Notes Offering by RLI Corp.
10.08.13
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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, in an offering of $150 million in aggregate principal amount of 4.875% Senior Notes due 2023 by RLI Corp. (“RLI”).
The net proceeds from the offering will be used to repay RLI’s senior notes due 2014 and for general corporate purposes.
RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving niche or underserved markets. RLI operates in all 50 states from office locations across the country.
The Simpson Thacher team included Lesley Peng, Karen Wang, Eric Schulman and Adam Moss (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Chang Won Choi (Tax); Jeannine McSweeney (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).