RenaissanceRe to raise $500 million through senior notes offering

RenaissanceRe  announced a $500 million public offering of 5.800% Senior Notes due 2035, set to close on February 25, 2025, pending customary approvals. The net proceeds will be used for general corporate purposes, including potential debt refinancing.

The notes are expected to be rated A3 (Moody’s), BBB+ (S&P), and A- (Fitch). Barclays, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Securities acted as joint bookrunners.