PartnerRe Finance to price 10-year senior notes on Tuesday

By Andrea Heisinger

Omaha, May 19 - PartnerRE Finance A LLC announced Monday it will price an issue of 10-year senior notes, according to a 424B3 Securities and Exchange Commission filing.

The issue is expected to price Tuesday, a source close to the deal said.

Bookrunners are Credit Suisse Securities LLC and Wachovia Securities LLC.

Co-managers are Banc of America Securities LLC, Barclays Capital Inc. and UBS Investment Bank.

Proceeds will be lent to parent company Partner RE U.S. Holdings and will be used to repay $220 million of third-party debt.

The funding branch of the reinsurance group is based in Greenwich, Conn., with the parent company based in Bermuda.

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