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W. R. Berkley closes debenture offering

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W. R. Berkley closes debenture offering

W. R. Berkley Corp. completed its offering of $300 million of 5.10% subordinated debentures due 2059.

The net proceeds from the offering will be used for general corporate purposes, as previously announced.

Morgan Stanley, BofA Securities, UBS Investment Bank and Wells Fargo Securities served as joint book-running managers for the offering.