Liberty Mutual in $1 Billion Offering

Cleary Gottlieb represented Liberty Mutual Group Inc. (Liberty Mutual) and its parent holding company guarantors in an initial offering of $1 billion of its 5.500% Senior Notes due 2052.

The 2052 Notes were unregistered and were offered for sale in the United States pursuant to Rule 144A and abroad pursuant to Regulation S. The offering priced on June 1, 2022, and settled on June 6, 2022.

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.