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AXIS Capital's Registered Junior Subordinated Notes Offering

Cravath represented the underwriters, led by Wells Fargo Securities and Citigroup, in connection with the $425 million registered junior subordinated notes offering of AXIS Specialty Finance LLC, an indirect wholly owned subsidiary of AXIS Capital Holdings Limited, a provider of a broad range of specialty reinsurance on a worldwide basis. The transaction closed on December 10, 2019.

The Cravath team included partner Andrew J. Pitts and associates Yannick Adler and Charles A. Dobb on securities matters, and associates Andrew T. Davis and Joyce Y. Kim on tax matters. Sahar Khorramnezhad also worked on securities matters.