Jun 2026
Conyers advised special purpose insurer Alamo Re Ltd. on its issuance of US$750 million Series 2026-1 Principal At-Risk Variable Rate Notes (the “Notes”).
The transaction comprised three tranches: US$300 million Series 2026-1 Class A Principal At-Risk Variable Rate Notes due 7 June 2029; US$300 million Series 2026-1 Class B Principal At-Risk Variable Rate Notes due 7 June 2028; and US$150 million Series 2026-1 Class C Principal At-Risk Variable Rate Notes due 7 June 2028 under its Principal-At-Risk Variable Rate Note Program, which were listed on the Bermuda Stock Exchange.
Conyers’ role included assisting with the preparation of documents, facilitating the listing of the Notes on the Bermuda Stock Exchange and providing Bermuda law advice to the company up to closing.
Director Alexandra Macdonald and Associate Nazari Woods of Conyers’ Bermuda office advised on the matter, working alongside Mayer Brown LLP.