Jan 2025
Conyers advised special purpose insurer Sanders Re II Ltd. on its issuance of US$300 million Series 2024-3 Class A Principal-at-Risk Variable Rate Notes due April 7, 2029, and US$350 million Series 2024-3 Class B Principal-at-Risk Variable Rate Notes due on April 7, 2029.
The notes were issued under the company’s Principal-at-Risk Variable Rate Note Program and 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 Jacqueline King, Senior Associate William Cooper, and Associate Nicole Yearwood from Conyers’ Bermuda office worked alongside Willkie Farr & Gallagher LLP on this matter.