Apr 2025
Conyers advised SiriusPoint Ltd. on its US$400 million offering of 7.00% senior unsecured notes due 2029 (“Notes”), a cash tender offer for its 4.600% senior notes due 2026 and the redemption of all of its outstanding 7.00% senior notes due 2025.
Additionally, we advised on its related application under the Insurance (Group Supervision) Rules 2011 for the Notes to be treated as Tier 3 Ancillary Capital.
BMO Capital Markets Corp., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Jeffries LLC acted as representatives of the underwriters for the offering and as lead dealer managers for the tender offer.
Director Chiara Nannini and Senior Associate Jessica (Almeida) Harris advised on this matter.