For media enquiries, please contact firstname.lastname@example.org
Conyers advised AXIS Capital Holdings Limited (“AXIS Capital”) in connection with its public offering of 22,000,000 depositary shares, each representing a 1/100th interest in a share of AXIS Capital’s 5.5% Series E Preferred Shares, each with a liquidation preference of US$2,500 per share, representing US$550 million in aggregate liquidation preference. Proceeds from the issuance will be used to redeem US$400 million of Series C 6.875% preferred shares and for general corporate purposes.
Graham Collis, Chiara Nannini and Jason Piney of Conyers’ Bermuda office advised on the matter alongside Simpson Thacher & Bartlett LLP. Cravath, Swaine & Moore LLP acted for the underwriters.