W. R. Berkley Corporation Announces Pricing of $290 Million of 5.75% Subordinated Debentures Due 2056

Released : 05/18/2016

GREENWICH, CT–(BUSINESS WIRE)– W. R. Berkley Corporation (NYSE:WRB) (the “Company”) announced today that it priced an offering of $290 million aggregate principal amount of 5.75% Subordinated Debentures due 2056 (the “Debentures”). The offering is expected to close on May 25, 2016, subject to customary closing conditions. The Company intends to apply to list the Debentures on the New York Stock Exchange under the symbol “WRB PR D.” If approved for listing, the Company expects trading of the Debentures on the New York Stock Exchange to commence within 30 days after they are first issued. The net proceeds of the offering will be used for general corporate purposes.