The Firm represented AXIS Specialty Finance PLC (“AXIS Finance”), an indirect, wholly-owned subsidiary of AXIS Capital Holdings Limited (“AXIS Capital”), in connection with its registered offering of $350 million of its 4% Senior Notes due 2027. AXIS Finance intends to use the net proceeds from the offering to repay existing indebtedness and for general corporate purposes.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at September 30, 2017 of $5.5 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada and Latin America.
The Simpson Thacher team included Lesley Peng, John O’Connell and Loren Shokes (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and John Torrenti (Tax); and Andrew Blau, Joo Hyun Lee and Stephan Bradley (Executive Compensation & Employee Benefits).