Enstar Finance’s High‑Yield Fixed‑Rate Reset Junior Subordinated Notes Offering

Cravath represented the underwriters in connection with the $500 million high‑yield fixed‑rate reset junior subordinated notes offering of Enstar Finance LLC, a subsidiary of Enstar Group Limited, a multi‑faceted insurance group that offers innovative capital release solutions and specialty underwriting capabilities. The transaction closed on January 14, 2022.

The Cravath team included partner Andrew J. Pitts and associates Courtney T. Seager and Paul D. Kim on capital markets matters, and partner Arvind Ravichandran and associate Carlos Nicholas Obando on tax matters.