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PartnerRe Finance talks $250 million for 10-year senior note offering
By Andrea Heisinger
Omaha, May 20 - PartnerRe Finance A LLC set more details Tuesday for its upcoming issue of 10-year senior notes, a source close to the issue said.
Marketing finished on the deal Tuesday, with an amount of $250 million talked. Pricing should take place later this week.
Bookrunners are Credit Suisse Securities and Wachovia Capital Markets. Co-managers are Banc of America Securities LLC, Barclays Capital Inc. and UBS Investment Bank.
Proceeds will be lent to parent company PartnerRe U.S. Holdings to be used to repay $220 million of third-party debt.
The reinsurance company is based in Greenwich, Conn.
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