debt
confidence high
sentiment neutral
materiality 0.50
RenaissanceRe JV DaVinciRe prices $300M 5.950% senior notes due 2035
RENAISSANCERE HOLDINGS LTD
- $300M aggregate principal at 5.950% due 2035; expected close March 5, 2025.
- Net proceeds to repay $150M of DaVinci's 4.750% notes due 2025 and for general purposes.
- Notes rated Baa1 (Moody's) and A- (S&P); private placement under Rule 144A/Reg S.
- RenaissanceRe consolidates DaVinci but does not guarantee notes; exposure limited to equity investment.