Simpson Thacher recently represented the underwriters in connection with Chubb INA Holdings Inc.’s registered public offering of $1 billion aggregate principal amount of 5% Senior Notes due 2034.
Chubb intends to use the net proceeds from this offering for general corporate purposes, including the repayment at maturity of the $700 million of its outstanding 3.35% senior notes due 2024.
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
The Simpson Thacher team included Joshua Bonnie, Mark Brod, Evan Hunt, Brice Stewart, Kelsey Henderson and Toyin Edogun (Capital Markets); Michael Mann (Tax); Rachelle Broida (Intellectual Property); Steven DeLott (Insurance); and Jennie Getsin (Blue Sky).