Liberty Mutual Group's €750 Million Senior Notes Offering

May 4, 2016

Cleary Gottlieb represented Liberty Mutual Group and its parent holding company guarantors in a €750 million offering of investment-grade Euro-denominated senior notes.

The offering of €750 million 2.75 percent Senior Notes due 2026 priced on April 26 and settled on May 4.  Although Liberty Mutual is a regular issuer in the U.S. market, this was its debut Euro-denominated issuance. The notes were offered in the United States under Rule 144A and outside the United States under Regulation S and have been approved for listing on the Global Exchange Market of the Irish Stock Exchange.

Liberty Mutual, together with its affiliates, is one of the largest property and casualty insurers in the United States and a diversified global insurer that offers a wide range of insurance products and services.