Liberty Mutual in $500 Million Investment-Grade Senior Notes Offering

August 17, 2012

Cleary Gottlieb represented Liberty Mutual Group and its subsidiary guarantors in a $500 million two-tranche offering of investment-grade senior notes. The offering of $250 million of 4.950% Senior Notes due 2022 and $250 million of 6.500% Senior Notes due 2042 launched and priced on August 14 and settled on August 17. The issuances of 2022 Notes and 2042 Notes each represented a reopening of a series of notes initially issued on May 4, transactions in which Cleary Gottlieb also represented Liberty Mutual.

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, including auto, home, workers compensation, fire and surety and general liability, and employs over 45,000 people in more than 900 offices throughout the world.