Davis Polk advised underwriters represented by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and Wells Fargo Securities, LLC in connection with an offering by The Hanover Insurance Group, Inc. of $175 million principal amount of its 6.35% subordinated debentures due 2053.
The Hanover Insurance Group, Inc., based in Worcester, Massachusetts, is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester, Citizens Insurance Company of America, headquartered in Howell, Michigan, and Chaucer Holdings PLC, based in London, and their affiliates. These insurers offer a wide range of property and casualty products and services to businesses, individuals and families through a select group of agents and brokers.
The Davis Polk corporate team included partner Alan Dean, associates Eilleen J. Park and Connor Kuratek and law clerk Amir Nezar. Partner Michael Farber and associate Juelle Gomes provided tax advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
