trending Market Intelligence /marketintelligence/en/news-insights/trending/OtY_fRjzEbsz2_3DxrLbfA2 content esgSubNav
In This List

RenaissanceRe files mixed shelf for $750M of securities

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


RenaissanceRe files mixed shelf for $750M of securities

RenaissanceRe Holdings Ltd. filed a shelf registration for the sale of certain of its securities with a proposed maximum total offering price of $750 million.

The filing covers the sale of common and preferred shares, depositary shares, debt securities, warrants, and share purpose contracts and units. Wholly owned units RenRe North America Holdings Inc. and RenaissanceRe Finance Inc. may offer and sell from time to time senior, subordinated or junior subordinated debt securities. RenaissanceRe Capital Trust II may offer and sell preferred securities, under the shelf, from time to time.

The company is guaranteeing any securities offered and sold by its subsidiaries and the trust.

Proceeds from any sale of securities will be used for working capital, capital expenditures, acquisitions and other general corporate purposes by the company and its subsidiaries. Until it uses the proceeds in such a manner, the company may temporarily use the proceeds to make short-term investments or lower its short-term borrowings.