Business & Finance
Business and Finance
Business and Finance
Tue, September 14, 2010
Mon, September 13, 2010 W. R. Berkley Corporation Announces Pricing of $300 Million of 5.375% Senior Notes Due 2020
GREENWICH, Conn.--([ BUSINESS WIRE ])--W. R. Berkley Corporation (NYSE: WRB) announced today that it priced an offering of $300 million of 5.375% Senior Notes due 2020. The net proceeds of the offering will be used for general corporate purposes. Closing of the offering is expected on September 16, 2010.
Banc of America Securities LLC is active book-runner, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are passive book-runners and Morgan Stanley & Co. Incorporated is co-manager of the offering. Copies of the final prospectus relating to the offering may be obtained from: Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, NY 10001, Tel: (800) 294-1322; J.P. Morgan Securities LLC, 383 Madison Avenue, 3rd Floor, New York, NY 10017, Tel: 212-834-4533, Fax: 212-834-6081; Wells Fargo Securities, LLC, Syndicate Operations, 1525 West W.T. Harries Blvd., NC0675, Charlotte, NC 28262, Tel: 800-326-5897, Email: [ Prospectus.specialrequests@wachovia.com ]; and Morgan Stanley & Co. Incorporated, Prospectus Department, 185 Varick Street, New York, NY 10014, Tel: 866-718-1649.
A shelf registration statement relating to these securities has been filed with the Securities and Exchange Commission and has become effective. This announcement is not an offer to sell these securities, and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international.
