PartnerRe Files To Offer up to $600 Million in New Securities

Bermuda’s PartnerRe Ltd. has filed a shelf registration statement with the Securities and Exchange Commission “for the proposed offering from time to time of up to $600 million of securities.”

While no plans were announced to sell the securities immediately, PartnerRe said that the registration would give the company the flexibility to sell debt issues, common and preferred shares, warrants and share purchase contracts and units, as well as trust preferred securities or a combination of all of these.

The new shelf registration comes closely after PartnerRe successfully sold $400 million worth of trust preferred securities and mandatory convertible preferred securities (PEPS units) last month (See IJ Website Nov.20)

Topics Mergers & Acquisitions