Simpson Thacher represented the underwriters, led by Barclays Capital Inc., UBS Securities LLC and Wells Fargo Securities, LLC, in an offering of $400 million in aggregate principal amount of 6.20% Fixed-to-Floating Rate Subordinated Debentures due 2042 by Reinsurance Group of America, Incorporated (“RGA”).
The net proceeds of the offering are being used for general corporate purposes.
Reinsurance Group of America, Incorporated is among the largest global providers of life reinsurance with subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Mexico, the Netherlands, Poland, South Africa, South Korea, Spain, Taiwan, the United Kingdom and the United States. Worldwide, the company has approximately $2.8 trillion of life reinsurance in force, and assets of $38.3 billion.
The Simpson Thacher team included Gary Horowitz, Lesley Peng, Jeremy Barr and Aditya Basrur (Capital Markets); Steven DeLott (Insurance); Jonathan Cantor and Chang Won Choi (Tax); Linda Barrett (Executive Compensation and Employee Benefits) and Andrew Pagliughi (Blue Sky).
