Business Wire | Sep 21, 2020 12:02PM EDT

W. R. Berkley Corporation Calls 5.625% Subordinated Debentures Due 2053 for Redemption

Sep. 21, 2020

GREENWICH, Conn.--(BUSINESS WIRE)--Sep. 21, 2020--W. R. Berkley Corporation (NYSE:WRB) (the "Company") announced today that, as contemplated in its recent offering of $250 million aggregate principal amount of 4.25% Subordinated Debentures due 2060, it will redeem the remaining $150,000,000 aggregate principal amount of its 5.625% Subordinated Debentures due 2053 (CUSIP No. 084423 409) (the "Debentures").

The redemption date will be October 21, 2020, and the redemption price will equal the principal amount plus accrued and unpaid interest to, but excluding, the date of redemption.

Details concerning the redemption price and the other terms and conditions of the redemption will be more fully described in a Notice of Redemption being provided to registered holders of the Debentures by The Bank of New York Mellon, as trustee. Holders of notes who have questions should contact Dimple Gandhi at the trustee at (212) 815-5498 or via email at dimple.gandhi@bnymellon.com, or Karen A. Horvath, Vice President - External Financial Communications, at the Company at (203) 629-3000 or via email at InvestorRelations@berkley.com.

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.

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CONTACT: Karen A. Horvath Vice President - External Financial Communications 203-629-3000