Conyers Dill & Pearman advised AXIS Specialty Finance PLC (the “Company”) on the issuance of US$350 million aggregate principal amount of 4.0% Senior Notes due 2027, fully and unconditionally guaranteed by its parent company, AXIS Capital Holdings Limited (NYSE:AXS) pursuant to an effective shelf registration statement.
The Company intends to use the proceeds from any notes offering for repayment or redemption of its 2.65% Senior Notes due 2019 and for general corporate purposes. The offering closed on 6 December, 2017.
The Company will apply to list the notes on the Bermuda Stock Exchange. Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. acted as the joint book-running managers for the offering.
Director Graham Collis and Associate Sarah Lusher of Conyers’ Bermuda office worked on the matter.